The Inversion Investor

The Inversion Investor

The Age of Capability: Performance Has a Price

Peter Pham's avatar
Peter Pham
Jan 03, 2026
∙ Paid

BRICS is often discussed as an alternative power bloc.
It should instead be examined as a capability claim—one that fails under even light scrutiny.

Consider the simplest stress test:
coercive reach without total war.

Consider the simplest stress test:
coercive reach without total war.

The United States has repeatedly demonstrated the ability to apply asymmet…

User's avatar

Continue reading this post for free, courtesy of Peter Pham.

Or purchase a paid subscription.
© 2026 Phoenix Global Wealth Management · Publisher Terms
Substack · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture