It’s not hard to suspect that both Binyamin Netanyahu and Vladimir Putin are holding out for a Trump re-election
US president Joe Biden steps off Marine One at the White House in Washington, DC, on Thursday. Photograph: Haiyun Jiang/New York Times
The biggest drag on American power, besides the nation’s reduced share of world output, is its ever-changing mind. A volatile foreign policy undermines the US twice over. First, it incentivises unscrupulous leaders to wait out the president of the day until a more amenable one comes along. Second, compared to China, its superpower rival, the US is difficult for third countries to plan around.
Someone observing all this from Beijing or Moscow might tut and say, “Well, if you will allow multiparty elections ...” But sudden twists in policy are not inevitable in a democracy. The US used to change government every few years while keeping up an amazing philosophical unity. All the presidents between 1945 and 2016 supported Nato, European integration, the Bretton Woods institutions and a global web of garrisons. Even the Vietnam War was a bipartisan debacle.
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