  In this talk, I review the use of the light-cone Fock expansion as a
tractable and consistent description of relativistic many-body systems and
bound states in quantum field theory and as a frame-independent representation
of the physics of the QCD parton model. Nonperturbative methods for computing
the spectrum and LC wavefunctions are briefly discussed. The light-cone Fock
state representation of hadrons also describes quantum fluctuations containing
intrinsic gluons, strangeness, and charm, and, in the case of nuclei, "hidden
color". Fock state components of hadrons with small transverse size, such as
those which dominate hard exclusive reactions, have small color dipole moments
and thus diminished hadronic interactions; i.e., "color transparency". The use
of light-cone Fock methods to compute loop amplitudes is illustrated by the
example of the electron anomalous moment in QED. In other applications, such as
the computation of the axial, magnetic, and quadrupole moments of light nuclei,
the QCD relativistic Fock state description provides new insights which go well
beyond the usual assumptions of traditional hadronic and nuclear physics.
