Power no longer flows from persuasion or values alone. In 2025, leverage sits in chokepoints: energy routes, chip supply chains, payment rails, shipping corridors, platforms, and custody systems. States that control bottlenecks can still force outcomes. States that cannot are left issuing statements while power moves elsewhere
Europe and Britain are discovering a hard truth: money and slogans do not manufacture shells, fix rail networks, or deliver armoured vehicles on time. In 2025, power is drifting toward systems that can execute, not those that can only announce. Values still matter, but without institutional delivery they turn into rhetoric and publics stop believing
Europe says it wants to become the “AI continent” and is now planning AI gigafactories and sovereign compute by 2026. But while Brussels drafts tenders, frontier labs in California and Shenzhen move at weekly cadence. The problem is not European intelligence or talent. It is metabolism: regulation, culture and capital flows that move on political time while the AI race moves on benchmark time.
Europe is not being dragged into decline by fate. Its leaders are choosing an energy squeeze, a financial time bomb over frozen Russian assets, and subordination to United States tariffs and war demands, while pretending this is morality and strategy. The only sector with a clear future is the arms industry. Everyone else is being told to absorb the cost in silence.
Ukraine’s front line is breaking, Europe is talking itself into wars it cannot fight, and Brussels is trying to turn Russian reserves into a permanent war chest. This long read ties the military endgame to the legal and financial tricks around frozen assets, drawing on earlier Telegraph Online (telegraph.com) investigations
Europe was told it had to cut Russian energy and arm for democracy. In reality it has swapped predictable pipeline gas for volatile imports, pushed energy intensive industry toward the exits and tied its public finances to an open ended rearmament cycle largely designed elsewhere. This piece follows the gas, the factories and the defence budgets to show who really pays for the last phase of US hegemony.