Donald Trump and Joe Biden in a presidential debate at Belmont University, October 22, 2020, Nashville, Tennessee.
© Jim Bourg-Pool / Getty Images of the American political giants will reverberate around the globe for decades...
President Joe Biden and former leader Donald Trump,
Since World War II, the US has enjoyed a privileged position in the key institutions of global governance.
After the collapse of the Soviet Union, the
Americans sought to extend their liberal hegemony around the globe.
Washington assumed that its dominance would mitigate international anarchy and great power rivalry, and that liberal trade agreements would strengthen the US' position at the top of global value chains.
The replacement of international law with a
'rules-based international order' - in effect, sovereign
inequality - was supposed to promote American hegemony and
enhance the role of liberal democratic values.
The US has predictably exhausted its resources and the legitimacy of its hegemony, and competing powers have collectively counterbalanced Washington's hegemonic ambitions by,
The Cold War was a unique period in history because the West's communist adversaries were largely disconnected from international markets, and military confrontation strengthened alliance solidarity to the extent that it mitigated economic rivalry between the capitalist allies.
After the Cold War, however, the former
communist powers,
China and
Russia, gained experience in
managing economic processes, and submission to the US-led economic
path lost its value for them.
But Washington shifted its strategic focus to Asia, demanding that its European allies show geo-economic loyalty and not develop independent economic relations with rivals China and Russia.
Meanwhile, the Europeans sought to use collective
bargaining mechanisms through the European Union to establish
autonomy and an equal partnership with the United States.
The US military, exhausted by failed wars against
weak opponents, is preparing for a conflict against Russia and China
and a regional war in the Middle East.
US economic coercion to prevent the
emergence of new centers of power only encourages separation from US
technology, industry, transport corridors, banks, payment systems,
and the dollar.
Against this backdrop, Americans could elect a new president who will seek fresh solutions for global governance.
Biden's bloc politics is legitimized by simplistic heuristics.
The complexity of the world is reduced to an ideological struggle between liberal democracies and authoritarian states. Ideological rhetoric means demanding geo-economic loyalty from the 'free world' while promoting overly aggressive and undiplomatic language.
Thus, Vladimir Putin and Xi Jinping
are smeared as 'dictators'...
But Biden has not revisited the Iran nuclear deal or reduced economic pressure on China to change its supply chains.
The institutions that could constrain the US -
the International Criminal Court (ICC) and the International Court
of Justice (ICJ) - are not favored by either Biden or Trump.
Biden will remain reluctant to enter into new ambitious trade agreements as the losers of globalization and neo-liberal economics within the US move into the camp of the populist opposition.
Nor will he favor free trade agreements in areas
where China has a technological and industrial advantage, and his
attempts to cut European states off from Russian energy and Chinese
technology will further fragment the world into competing economic
blocs.
Trump's global
governance - 'America First' and great power pragmatism
He sees alliances against strategic rivals as undesirable if they involve a transfer of relative economic power to allies. Trump believes that NATO is an "obsolete" relic of the Cold War because Western Europeans should contribute more to their own security.
In his view, the US should perhaps reduce its presence in the Middle East and allies should pay America for their security in some way.
Economic agreements such as the North American Free Trade Agreement and the Trans-Pacific Partnership would have promoted US leadership, but under Trump, they have been abandoned because of the transfer of economic benefits to allies.
Trump does not reject US imperialism, but wants
to make it sustainable by ensuring a higher return on investment.
While Biden's division of the world into liberal democracies and authoritarian states makes Russia an adversary, Trump's view of the world as nationalists/patriots versus cosmopolitans/globalists makes Russia a potential ally.
This ideological view complements the pragmatic
consideration of not pushing Russia into the arms of China, the main
rival of the US.
Economic pressure on China is intended to restore US technological/industrial dominance and protect domestic jobs.
Economic nationalist ideas reflect the ideas of the 19th-century American system, where economic policy is based on fair trade rather than free trade.
Trump appears to view the entire post-Cold War security system in Europe as a costly attempt to subsidize Western Europe's declining importance. These same Europeans have antagonized Russia and pushed it into the arms of China.
Trump's unclear stance on NATO has even prompted
Congress to pass a bill prohibiting presidents from unilaterally
deciding whether to withdraw the US from NATO.
In 2016, Hillary Clinton's campaign staff fabricated the Steele dossier and Russiagate to portray Trump as a Kremlin agent.
In the 2020 election, Biden's campaign staff attempted to portray the Hunter Biden laptop scandal as a Russian disinformation campaign and accused Russia of paying bribes to kill US troops in Afghanistan.
These false accusations were
designed to distract the public and make Trump look weak on Russia.
All of this ultimately soured relations with Russia and even
contributed to
the current conflict in Ukraine.
While Biden seeks to restore US greatness through
systems of ideological alliances that will fragment global
governance into regional blocs, Trump will seek to withdraw from the
institutions of global governance because they drain US resources
and impede pragmatic policies.
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