War on the Rocks – The U.S. Navy is on the verge of strategic bankruptcy. Its fleet isn’t large enough to meet global day-to-day demands for naval forces. Due to repeated deployments and maintenance backlogs, the fleet also isn’t ready enough to meet these demands safely, nor can it quickly surge in an emergency. Finally, the fleet isn’t capable enough to meet the challenges posed by China’s increasingly modern and aggressive People’s Liberation Army Navy. How did this happen to a force that, as recently as two decades ago, dominated the world’s oceans to a degree perhaps unequalled in human history? The answer is gradually and then suddenly.