Today, there are threats, but they tend to be regional, years away or limited in scale. None rises to the level of being global, immediate and existential. The United States faces no great-power rival. And this is likely to remain so for the foreseeable future. The biggest strategic question facing America is how to extend this respite rather than squander it. This will require restraining foreign involvement and restoring domestic strength. We can no longer seek to remake countries in the Middle East and South Asia, as was tried at great cost and with little success in Iraq and Afghanistan.
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