The discussion contrasts the competitive logic of business with the requirements of statecraft. A company may define strategy as winning a contest, while a state may gain more by preserving a workable international system. Defeating another power today can create a stronger and more determined enemy tomorrow. Britain's management of relations with the United States supplies the example: the empire could contemplate conflict at its height, yet prudence favoured avoiding a fight that would turn the long-term balance against it.
Chapter · 52:24-55:24
Grand strategy and the value of restraint
Grand strategy is framed as sustaining a favourable long-term position, even when a state is strong enough to seek an immediate victory.