Amid the constant party divisions in Washington, DC, one issue generates stunning consensus—China—with Republicans and Democrats alike battling over which party can take the most hawkish stance toward the ascendant superpower. Indeed, far from trying to avoid a new Cold War with China, many have embraced it, finding comfort in the familiar construct, almost willing it into existence. And yet, even as politicians and intellectuals race to embrace this Cold War 2.0, many of the perils we face today are distinctly different from those of the Cold War with the Soviets. The alliance between the autocracies of China and Russia, the nature of the ideological struggle, China’s economic might, the rise of the far right in the United States and in Europe, and the growing isolationism and polarization in American society—taken together these represent new challenges for the democratic world. Some elements of the Cold War have reappeared today, but many features of the current great power competit