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Michael McFaul�2026

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Autocrats

Vs.

Democrats

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End of the Cold War: A Triumph for the West

  • Superpower status for U.S. alone

  • Democracy seemed to be widely embraced

  • Capitalism gained global appeal

  • Liberal International Order seemed to be working

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Protestors on Berlin Wall,

Berlin, November 10, 1989

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Russia, 1991

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4

30 Years Later,

a New Cold War with Russia

“Speaking bluntly, we are rapidly rolling into a period of a new Cold War…I am sometimes confused: is this 2016 or 1962?”

- Former Russian President

Dmitry Medvedev

“Our relationship with Russia is worse now that it has ever been,�and that includes the Cold War.”

- President Donald Trump, April 2018

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2022: Cold War with Russia Became Hot

  • First major conventional war in Europe since 1945

  • First annexation in Europe since WWII

  • Biggest threat of great power war in generations

  • Greatest nuclear weapons threat since Cuban Missile Crisis

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Crimea,

February 24, 2022

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“Western countries – led by the U.S. – have implemented all-round containment, encirclement and suppression against us”

- CCP Chairman and PRC President

Xi Jinping, March 2023

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30 Years Later,

a New Cold War with China

“Speaking bluntly, we are rapidly rolling into a period of a new Cold War…I am sometimes confused: is this 2016 or 1962?”

Former Russian President

Dmitri Medvedev

“China is working to take down freedom all across the world.”

- Secretary of State,

Michael R. Pompeo, July 2020

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Now, Cold War with Iran Is Hot too

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“A short time ago, the United States military began major combat operations in Iran. Our objective is to defend the American people by eliminating imminent threats from the Iranian regime.”

- US President Donald Trump

February 28, 2026

“We are in a full-scale war with the U.S., Israel and Europe; they don’t want our country to remain stable,”

- Iranian President Masoud Pezeshkian,

27 December, 2025

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What Happened?

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What Happened?

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Roadmap for Today

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Causes of Great Power Competition

Similarities and Differences with the Cold War

Lessons from the Cold War

Reasons for Hope about the Future

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2

3

4

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Roadmap for Today

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Causes of Great Power Competition

Similarities and Differences with the Cold War

Lessons from the Cold War

Reasons for Hope about the Future

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2

3

4

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Drivers of Conflict

1. Power

2. Regimes

3. Leaders

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1. Power

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  • China�Significant increase

  • Russia Marginal increase

  • United States Relative decline

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Global Power Rankings US News World Rankings, 2024

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2. Regimes

  • China Increasingly autocratic

  • Russia Democracy to autocracy

  • United States Democracy in decline

  • Rest of the World Democracy in decline

Deployment of National Guard in Chicago, October 2025

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Xi and Putin �More Autocratic Than Their Predecessors

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Hong Kong protests,

August 13, 2019

Alexei Navalny’s funeral,

March 1, 2024

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Democratic Decline in U.S.

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81

2025

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20 Years of Decline in Global Freedom�

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Chart: 20 Years of Decline in Global Freedom

by Freedom House, 2026

Note: Countries whose scores were unchanged

are not included in this comparison.

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Democratic Breakthroughs �Still Threaten Autocrats �in Russia and China

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‘Color Revolutions’ in Russia’s Neighborhood

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Serbia, 2000

Georgia, 2003

Ukraine, 2004

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Russia, 2009

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The Arab Spring, 2011(Egypt)

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Russia, 2011

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“Therefore, the author of the Aleksey Navalny project is none other than Michael McFaul.”

“…he [McFaul] started working thoroughly on making anti-Putin rallies in Moscow more creatively.”

Russia Today,

February 7, 2012

McFaul Responsible for Demonstrations

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Ukraine, 2014 

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  • Democratic expansion, not NATO expansion, is the real threat to Putin

  • Putin tells Russians: “We are not like the West”

  • Ukrainians practicing democracy undermines his argument at home and abroad

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Destroying Democracy in Ukraine –

Putin’s Obsession

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Milk Tea Alliance in China’s Neighborhood

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Thailand, 2020

Myanmar, 2021

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Hong Kong, 2014(and 2019-2020)

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Xi Threatened by Democracy in Taiwan 

Hoover Delegation with the President of Taiwan Tsai Ing-wen

Taipei, August 2022

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3. Leaders

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Russia Vladimir Putin

China Xi Jinping

United States Donald Trump and Joe Biden

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2008 - Georgia

Putin’s Military Interventions

2014 - Ukraine

2015 - Syria

2022 - Ukraine

 

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Xi’s Expansionism & Aggression

  • South China Sea
  • Belt & Road Initiative
  • Hong Kong
  • Taiwan

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“Three main sets of challengers—the revisionist powers of China and Russia, the rogue states of Iran and North Korea, and transnational threat organizations, particularly jihadist terrorist groups—are actively competing against the United States and our allies and partners”

U.S. National Security Strategy, 2017

“President Trump was right in taking a tougher approach to China”

Secretary of State Antony Blinken

January 19, 2021

Trump, 2017-2021

Biden, 2021-2025

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Trump 2.0

  • Putin-Trump bromance
  • Xi is a “friend”
  • Personalization of foreign policy
  • No democracy promotion

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Roadmap for Today

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Causes of Great Power Competition

Similarities and Differences with the Cold War

Lessons from the Cold War

Reasons for Hope about the Future

1

2

3

4

 

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Similarities

Cold War

  • Two nuclear superpowers

  • Two conventional military powers

  • Economic asymmetry

  • Ideological competition

Today

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  • Quantitative arms race

  • Communism vs. democracy

  • Proxy wars

Differences

Cold War

Today

  • Qualitative arms race

  • Conservatism vs. liberalism

  • Imperialism and annexation

  • Cyber attacks, assassinations

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Cold War

Today

Similarities

  • Two superpowers

  • Different regime types

  • Ideological competition around the world

  • Competition will last for decades

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Cold War

Today

Differences

  • Highly intertwined economies

  • Growing economic symmetry

  • No proxy wars (yet)

  • Weaker ideological contest

  • U.S. retrenching

  • Less PRC ambition to change global order
  • Little economic integration

  • Economic asymmetry

  • Proxy wars

  • Robust ideological contest

  • U.S. leader of the free world

  • USSR sought to destroy liberal world order

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Biggest Difference Today:

China-Russia Partnership

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Roadmap for Today

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Causes of Great Power Competition

Similarities and Differences with the Cold War

Lessons from the Cold War

Reasons for Hope about the Future

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2

3

4

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�I. Do Not Repeat Failures

�II. Emulate Successes��III. New Challenges Require New Policies����

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Cold War Lessons

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I. Cold War Failures to Avoid

1. Threat misperceptions

McCarthyism, ‘Missile gap’, Soviet economy

2. Overreach

Vietnam, Angola, covert operations against alleged enemies​

3. Embracing ‘good’ dictators

Including Apartheid South Africa, Pinochet in Chile

Marines crossing rice paddy, Vietnam, 1967.

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II. Cold War Successes to Repeat

1. Alliances

Nato, Japan, South Korea, Australia

2. American Prosperity

US vs. USSR,

West Germany vs. East Germany

South Korea vs. North Korea

​​3. Promoting Democracy

Including USAID, Radio Free Europe, NED

US President Ronald Reagan

Berlin, June 1987

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  • Cooperate and contain simultaneously
    • Smallpox eradication
    • NPT & arms control
    • Helsinki Accords
    • Space

  • Develop mechanisms to reduce misperceptions & misunderstandings
    • Crisis prevention & management tools
    • Diplomacy between governments

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Cold War Successes to Replicate with China Today

Biden and Xi in San Francisco,

November 14, 2023

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Repeating some Cold War successes...

  • Strong economy 
  • Increasing military spending

 But not all...

  • Weakening democratic alliances
  • Eroding global capitalism
  • Abandoning democracy promotion abroad
  • Eroding democracy at home

And risks repeating some mistakes... 

  • Threat misperceptions (“McCarthy 2.0")
  • Overreach (Iran)
  • Embracing dictators (Putin, Rodriguez)

Is Trump Learning?

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III. New Challenges

(no Cold War parallels)

  • Unilateralism and Isolationism

  • Polarization

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The Trump Doctrine:

Isolationism first, Unilateralism now

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Tariffs against everyone

Threatening to invade Greenland

Paris Climate Accord

World Health Organization

UNESCO

Trans-Pacific Partnership

Joint Comprehensive Plan of Action

Intermediate-Range Nuclear Forces Treaty

First term withdraws from:

Second term

Intervention in Venezuela

Iran war

Withdrawal from international organizations

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People in Many Countries Now View

China More Positively Than the U.S.

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Polarization

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The Disappearing Center

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“The New Four Horsemen of the Apocalypse—populism, nativism, isolationism, and protectionism—tend to ride together, and they are challenging the political center.”

  • Condoleezza Rice, 2025

Former U.S. Secretary of State

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In many countries, people see their fellow citizens as morally good

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Biggest Threat to United States:

Not China or Russia, but Ourselves

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Roadmap for Today

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Causes of Great Power Competition

Similarities and Differences with the Cold War

Lessons from the Cold War

Reasons for Hope about the Future

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2

3

4

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MILITARY POWER

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Allies

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Conventional Power

Share of the world's military expenditures.

Not labeled:

  • Poland (1.4%)
  • Italy (1.4%)
  • Australia (1.3%)

Source: SIPRI

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ECONOMIC POWER

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GDP �(current USD)

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Source: International Monetary Fund (2025)

Russia

2.54 thousand

China

19.40 thousand

United States

30.62 thousand

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8 of 10 Largest Economies are Democracies

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(GDP, current prices)

  1. United States
  2. China
  3. Germany
  4. India
  5. Japan
  6. United Kingdom
  7. France
  8. Italy
  9. Russia
  10. Canada

Source: International Monetary Fund (Oct 2025)

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3

6

1

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3

2

2

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5

2

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Source: 2026 Times Higher Education World University Rankings

Top 50 Universities

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Most Valuable Companies Are American

Source: CompaniesMarketcap.com,

July 2026

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Will China

Keep Growing?

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  • Policy changes under Xi�
  • Middle to high income

transition is always hard�

  • Inequality rising

  • Demographic challenges

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IDEATIONAL POWER

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Most Think Churchill Is Still Right

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“No one pretends that democracy is perfect or

all-wise. Indeed, it has been said that democracy is the worst form of Government except all those others that have been tried from time to time”

- Winston Churchill

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Support for Democracy Remains Strong

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Past Predictions about�American Decline and �Democracy’s Demise �Were Premature

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Inter-War Period (1930s)

  • Rise of fascist and communist autocrats

  • Decline of democrats

  • Economic depression in the U.S. & capitalist world

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1970s

  • Rise of communist autocrats

  • Decline of democracies

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Arc of History Bends Toward Democracy

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Source: V-Dem

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Maybe Current Predictions of American Decline and Democratic Decline Are Premature Again?

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Don’t Bet Against America Yet

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Don’t Bet Against

‘Small-d’ Democrats yet

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Zelenskyy at Stanford, 2021

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Tsikhanouskaya at Stanford, 2021

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Stanford Summer Fellows, 2022

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Let’s Keep Talking

Substack: McFaul’s World

X: @McFaul

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