Regime Change, Quietly
Kevin Warsh was installed to cut interest rates, but his first month at the Federal Reserve signaled something larger, and more disciplined.
READResearch · State Capacity
Private interests compete with public goods
We study how social cohesion, executive leadership, political power, and public administration enable both cooperation and conflict.
The Thesis
Execution is the scarce input
Ambition and resources are common; the capacity to coordinate, regulate, procure, and deliver is not. State capacity increasingly separates intent from outcome.
The Power Curve studies how institutions build, or lose, the ability to execute, and how legitimacy and trust shape what is actually possible.
- Where execution capacity is built
- How legitimacy is won or lost
- Procurement and coordination
- Where institutions stall
Key Questions
What we study
- Which institutions can actually execute, and which only announce?
- How do legitimacy and public trust expand or constrain action?
- Where do procurement, regulation, and coordination break down?
- How is state capacity built, and how quickly is it lost?
Selected Research
Publications on state capacity
AI for Enterprise
Anthropic and OpenAI announce joint ventures with leading investors
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Brent crude has risen roughly 70 percent since February
READResearch Streams
Six domains for understanding power, capability, and structural advantage.
Together, they provide a framework for understanding how capability is built, transformed, and sustained.
01
Strategic Competition
How states, firms, and institutions compete through technology, industrial capacity, alliances, statecraft, and economic leverage.
Explore 02Advanced Technology
AI, compute, frontier infrastructure, data, productivity, and the systems that convert invention into capability.
Explore 03Capital & Markets
Capital allocation, investment cycles, fiscal capacity, financial systems, rates, risk, and markets.
Explore 04Institutions
State capacity, governance, legitimacy, regulation, coordination, trust, and execution.
Explore 05Cities & Infrastructure
Urban systems, energy, logistics, housing, resilience, and the physical geography of growth.
Explore 06Decisions Under Uncertainty
Frameworks for strategy, judgment, resource allocation, and institutional choice when information remains incomplete.
ExploreSubscribe
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