BARAK M. SEENER
In the aftermath of World War II, the U.S.-led Western hemisphere decided that economic interdependence between Western democracies would underpin political harmony. The trauma of two world wars prompted the Europeans to establish the Coal and Steel Community in 1951, the progenitor of the European Union. This trend was cemented by the end of the Cold War, with the triumph of capitalism over communism, to the point that the free world became defined by open markets and democracy. Despite being underwritten by the U.S. security guarantee, the Western order distinguished between political security and economic prosperity, to the point..
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