Conversation with Raymond Kuo: Can Trump be a Bismarck in Asia?
"This has happened before where we've had a great power who is essentially the leader of the international system taking a transactional approach. The closest example would be maybe Bismarck in the 1870s until the eve of World War I. There it worked quite well. . . . The drawbacks of this, of course, are that it is highly unstable."
