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Kevin Warsh was installed to cut interest rates, but his first month at the Federal Reserve signaled something larger, and more disciplined.
READResearch · Strategic Competition
Competition is decided upstream of conflict
How states, firms, and institutions build durable advantage through technology, industrial capacity, capital, and statecraft, and who can convert resources into power.
The Thesis
Advantage is structural, not episodic
Strategic competition is no longer separable from the structure of markets. Industrial capacity, compute, energy, capital access, logistics, and institutional execution increasingly determine which actors can turn ambition into operating capability.
The Power Curve studies competition at the level of mechanisms: how resources become capability, how constraints bind, and how the choices of governments, firms, and investors redistribute advantage. The focus is the durable structure beneath events.
- Where capacity is concentrating
- Which constraints are becoming binding
- How statecraft reshapes position
- Who can execute, and who cannot
Key Questions
What we study
- Where are industrial and compute capacity concentrating, and who controls the inputs?
- Which constraints (energy, capital, talent, supply chains) are becoming binding?
- How are industrial policy and statecraft reshaping competitive position?
- Who can convert resources into deployable capability, and who stalls at ambition?
Selected Research
Publications on strategic competition
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.
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