Biden's aim to restore U.S. leadership could be tall order in a changed world

[orwell]

2. I agree...

...we are entering into a bipolar world dominated by the US and China. My rejoinder is why is that a bad thing?

I am hoping for a multilateral world with regional power in the place of the post war US superpower model.

This is something that is going to happen whether we want it to or not.

Trump was completely ham-handed in his implementation but was correct that the US can no longer be the world's supercop. It puts a tremendous strain on resources and engenders animus throughout the world. I was once a ardent neoliberal but have softened that stance significantly in the last couple of decades. There are real downsides to globalism. We were made aware of it in the exposure of real vulnerabilities when it came pharmaceuticals and PPE during the recent coronavirus outbreak.

Corporate profitability and low consumer prices do not always eclipse the externalities of global free trade without any environmental, human rights, national security, or workplace safety considerations. Adam Smith is not an economic God.

WWII is over. We need to start acting accordingly. The world for the most part will thank us for it.