When we succeeded in winning the Cold War, escaping a nuclear Armageddon that could have killed us all, the U.S. inevitably had a serious problem about an encore: what now for our place in the world?

One of the three big factors that count against war in the relationship between China and the U.S. are, first, nuclear weapons and even a condition of mutual assured destruction. Secondly, one's got two economies that have become so deeply interlaced that a war between the U.S. and China would leave Wal-Marts empty and Chinese factories producing for nothing. Thirdly, climate - if between the two of us, we keep doing what we're doing, we can create a climate in which our grandchildren won't be able to live.

Terrorism is really the only existential threat to America as we know it - as a free country that plays a leading role in the world.

The absence of a focal enemy, which is what the Cold War had provided; the complexity of the developments that are occurring that mean that the world is just extremely complicated - lots of different and competing stories and strands; the continuing reality of megaterrorism; and the dysfunctionality of our politics that has neglected the foundations of the U.S. role in the world; have altogether left us somewhat confused.

And I hope that we can learn the lessons of the past in looking at the current challenge that China poses to a ruling America.

When a rapidly rising power rivals an established ruling power, trouble ensues. In 11 of 15 cases in which this has occurred in the past 500 years, the result was war. The great Greek historian Thucydides identified these structural stresses as the primary cause of the war between Athens and Sparta in ancient Greece. In his oft-quoted insight, "It was the rise of Athens and the fear that this inspired in Sparta that made war inevitable."

I think we should be organized in something called an Alliance Against Nuclear Terrorism. In the same way that NATO was the great alliance of the Cold War and served a great purpose then, we need now, in the war on terrorism, a new alliance, the mission of which would be to minimize the risk of nuclear terrorist attacks, and the members would agree to sign on to the gold standard.