Russian President Vladimir Putin meets with his Chinese counterpart Xi Jinping at the Kremlin in Moscow, March 2013.
Alexander Zemlianichenko / REUTERS

For about four years now, since Russia’s occupation of Crimea and China’s launch of the Belt and Road Initiative, there has been much speculation about whether another Cold War between East and West is coming. In the last month alone, headlines have proclaimed that “The New Cold War Is Here,” heralded “Putin’s New Cold War,” and warned that “Trump Is Preparing for a New Cold War.” But are we really returning to the past? Contemporary politics is full of false analogies, and the return of the Cold War seems to be one of them.

At its peak, the Cold War was a global system of countries centered on the United States and the Soviet Union. It did not determine everything that was going on in the world of international affairs, but it influenced most things. At its core was an ideological contest between capitalism and socialism that

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