William Bratton is author of "China's Rise, Asia's Decline." He was previously head of equity research, Asia-Pacific, at HSBC.
The West may not be the reliable military partner that many hope


Ukrainian soldiers build a bunker on the front line in Zolote on Dec. 12: it is clear that the West had no appetite to use its military capabilities to deter Russian aggression. © Getty Images
William Bratton is author of "China's Rise, Asia's Decline." He was previously head of equity research, Asia-Pacific, at HSBC.