In Ukrainian President Volodymyr Zelensky’s address to a joint session of Congress, he stated: “Your money is not charity. It is an investment in global security and democracy.” The immediate investment is to secure a victory against Russia’s war of aggression. But what comes next? If we are to have any hope of a stable, long-term peace, we must think creatively about how to build new, more effective post-war security institutions that could underpin this up-front investment in global security. To the extent such ideas are being discussed so far, they are the wrong ones. One concept, articulated only weeks ago when NATO’s foreign ministers welcomed Ukrainian Foreign Minister Dmytro Kul
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