"Above all, Biden and Blinken’s rhetoric is directed against Trump, who conjured up a scenario in which America was, as Biden and Blinken see it, a chaotic, disruptive and untrustworthy force. This shames their self-understanding as a liberal elite."

#geopolitics #universalism #liberalism

https://adamtooze.substack.com/p/chartbook-248-american-leadership?utm_campaign=email-post&r=1mkdp&utm_source=substack&utm_medium=email

Chartbook 248: "American leadership is what holds the world together." Joe Biden October 2023 ... just let that sink in.

American leadership is what holds the world together. The President wasn’t just improvising. He has not done a lot of speeches from the Oval Office. A speech-writing team crafted that extraordinary line. It reflects deeply held views on the part of Washington. Back in February 2021, the newly appointed Secretary of State Antony Blinken gave several

Chartbook
"American #democracy, the system that produces the leadership that Biden and Blinken so self-confidently evoke, is clearly broken. Pervasive and well-merited skepticism about America’s system of government, is now a massive reality in world affairs."

"It is not coincidental that the dollar system and the Fed, one dimension of American world-ordering that is very much intact, is also relatively insulated from its partisan politics."

#dollar #dollardominance" #thefed

"America will agree to no climate treaty that does not place obligations on all parties, not just the rich states. It will under no circumstances accept liability or any idea of compensation, the basis for the climate justice movement. It might conceivably find a few billion with which to top up a World Bank fund - but is not going to provide tens of billions to a stand alone UN fund"

#climate #LossandDamage Fund

"But the bigger question is how these different forcefields of power and policy fit together. How does a world function in which dollar hegemony is entrenched, security policy drives the formation of antagonistic blocs, the pattern of real economic activity is increasingly multipolar and the major issues of global public goods - climate and public health - go systematically unaddressed?"

#geopolitics #climate #dollardominance #security #trade