Geopolitics is back, in no small part because of the growing realization in Washington that the China strategy the United States has pursued since the end of the Cold War has failed. China's challenge to the United States, and the West in general, is systemic, and intent on redefining the existing global trading regime, the structure of our alliances, and, last but not least, the existing framework of norms and values that has historically favored the democratic West. After four decades of misplaced expectations that the PRC's export-driven modernization would bring about democratization, and that Beijing would opt for merging its trajectory with that of the larger global trade and security system, the United States is now confronted with a near-peer competitor intent on assembling a constellation of states to challenge America and its allies. For three post-Cold war decades, encomia for the internationalization of manufacturing and the inevitable triumph of our normative institutions served to push the cause of China's ever-deeper integration with the West. So it is perhaps ironic that Sino-American competition is now gearing up to spread beyond the Indo-Pacific, deep into the European part of the Eurasian Rimland.