The result of all this is that policy discourse about the United States, China,and technology has careened from one pathology to another: The cheeryglobalism of a decade ago has given way to today’s diffuse paranoia. Nowthe national security conversation is almost exclusively focused on theimpossible task of severing the ties of technological interdependence,with the only ...

The Biden administration has built an unprecedented machine for economic and technological coercion. When Russia invaded Ukraine, the United States and its allies cut off Russia’s access to its own central bank reserves held outside Russia. The administration revamped export controls to strangle China’s access to the powerful and specialized semiconductors needed to train A.I., ...