00:00Well, for the immediate term, it's that they don't hurt each other so much that they raise the stakes and get into a bigger fight.
00:12For the longer term, it is that if they can almost go above it and understand each country's circumstances
00:22and find out how can they make arrangements so that there is a realignment of things so that they can produce good outcomes.
00:34There's a challenge in doing that because any administration, or even the current administration, might change their mind.
00:42So deals are very difficult.
00:44We're now more in a deal world than we are in a long-term relationship world.
00:49That includes also the political system because you could change who the leader is, and then you're going, and what does treaties mean?
00:56They don't mean.
00:57So I think the important thing to realize is that we've changed the world order in a world that used to be a multilateral world order
01:06shaped by the United States in which, after World War II, there were organizations like the World Bank, the IMF, the United Nations,
01:16in which there was supposed to be a system for collective decision-making to buy these rules, and that's over.
01:23And now we're in a world where power matters, and so in that world of power mattering and the uses of these powers,
01:33what we hope for is that that doesn't become so damaging that it really is a problem for the world.
01:41So I think the world is a problem for the world.
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