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Leopold Was Early. The AI Crash Has Barely Begun.
Latest flagship report

Leopold Was Early. The AI Crash Has Barely Begun.

AI may deliver extraordinary technological progress while exposing an economic system that can no longer convert productivity into broad-based demand.

2 August 2026·47 min read·10k words·Flagship intelligence report
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The Beijing Pacifier: China’s Strategic Neutrality in the Gulf
China

The Beijing Pacifier: China’s Strategic Neutrality in the Gulf

As Washington’s security umbrellas fold, Beijing is deploying a new architecture of ‘Mediation Logic’. By trading security guarantees for transactional stability, China is restructuring Middle Eastern power dynamics without firing a single shot.

3 Oct 2026

The Beijing Pacifier: China’s Strategic Pivot to Mideast Stability
China

The Beijing Pacifier: China’s Strategic Pivot to Mideast Stability

As American security guarantees in the Persian Gulf recede, Beijing is moving from passive consumer to active guarantor. China's pursuit of energy security now necessitates a direct hand in regional de-escalation.

3 Oct 2026

The Baghdad Vacuum: The End of the American Era in Iraq
Middle East

The Baghdad Vacuum: The End of the American Era in Iraq

As the final US combat units depart, Iraq transitions from a contested buffer state to the vital organ of an Iranian-led regional order, finalising a land corridor from Tehran to the Mediterranean Sea.

2 Oct 2026

The Rare-Earth Fulcrum: China’s Control Over Western Rearmament
China

The Rare-Earth Fulcrum: China’s Control Over Western Rearmament

Beijing’s dominance of the rare-earth supply chain is no longer a trade leverage point; it is a structural veto over Western military procurement. As industrial decoupling accelerates, the West finds itself trapped by its own high-tech ambitions.

2 Oct 2026

The Strategic Arbitrage: How India Broke the Western Order
South Asia

The Strategic Arbitrage: How India Broke the Western Order

New Delhi’s refusal to align with traditional blocs has transitioned from passive non-alignment to active institutional disruption. By weaponising its neutral status, India is creating a blueprint for the post-Western multilateral system.

1 Oct 2026

The 2027 Pivot: Why Tehran Cannot Afford to Wait for Washington
Middle East

The 2027 Pivot: Why Tehran Cannot Afford to Wait for Washington

Regardless of US electoral outcomes, Iran faces a structural deadline. Diminishing conventional leverage and a closing window of breakout capacity are forcing the Islamic Republic toward a terminal nuclear threshold decision by 2027.

30 Sept 2026

The Persian Paradox: Iran’s Leverage in a Multi-Polar Deadlock
Middle East

The Persian Paradox: Iran’s Leverage in a Multi-Polar Deadlock

Tehran is transforming its perceived isolation into a strategic asset. By exploiting the friction between Washington, Beijing, and Moscow, Iran has secured its survival through a unique form of systemic leverage.

30 Sept 2026

The Houthi Attrition: Why Riyadh Cannot Buy Maritime Security
Middle East

The Houthi Attrition: Why Riyadh Cannot Buy Maritime Security

Saudi Arabia’s multibillion-dollar military modernisation has failed to break the Houthi maritime siege. The crisis reveals a fundamental misalignment between traditional state power and the low-cost economics of asymmetric Red Sea disruption.

29 Sept 2026

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