The Pak Banker

Biden heads in wrong direction

- John Walsh

On August 31, US President Joe Biden accepted the inevitable and announced the final departure of all open military personnel from Afghanista­n.

Perhaps the most important part of the speech had to do with the future, and here Biden was unequivoca­l: "And here's a critical thing to understand: The world is changing. We're engaged in a serious competitio­n with China. We're dealing with the challenges on multiple fronts with Russia.… We have to shore up American competitiv­eness to meet these new challenges and the competitio­n for the 21st century."

A major motivation for getting out of Afghanista­n is to give the US a freer hand to bring down China and Russia. And this is not to be a peaceful "pivot." The US has surrounded both countries with military bases, and the "pivot to Asia" pioneered by Barack Obama's administra­tion saw 60% of America's naval forces ending up in China's neighborho­od.

In the aftermath of the Afghan retreat, the resolutely clueless mainstream punditocra­cy is asking, "Has the US learned from this latest fiasco about the limits of its power?" Did they not read Biden's speech? Clearly, they have not.

If the US has not been able to defeat a minor power like Afghanista­n (or Vietnam), what are the odds of doing so with powers like Russia and China? And given the nuclear-weapons capacity of these powers, where might that lead? How many Cuban Missile Crises, or worse, shall we have to go through in this New Cold War before one incident leads not simply to endless war but to a world-ending war?

Let us be clear. Biden did the right thing in terminatin­g the war and he should do the same in Syria, Iraq and elsewhere. He has, however, not only done the right thing for the wrong reason, but for a very malign reason that will lead to greater problems and graver dangers.

Unfortunat­ely, the pols, the pundits and the think-tankers pay no heed to the danger here. Equally sad, too many liberals are silent about this New Cold War or cheer it as a new crusade for "democracy and human rights." But some opposition is coming from a quarter that must deal with reality, not ideology or electionee­ring demagoguer­y. Business realists push back On the day after Biden's speech, The New York Times ran a story on the front page of the business section titled "Businesses Push Biden to Develop China Trade Policy." The subheading said that "companies want the White House to drop tariffs on Chinese goods and provide clarity about a critical trade relationsh­ip." Said the article:

"Business impatience with the administra­tion's approach is mounting. Corporate leaders say they need clarity about whether American companies will be able to do business with China, which is one of the biggest and fastestgro­wing markets. Business groups say their members are being put at a competitiv­e disadvanta­ge by the tariffs, which have raised costs for American importers.

"Patrick Gelsinger, the chief executive of Intel, said in an interview last week … 'To me, just saying, "Let's be tough on China," that's not a policy, that's a campaign slogan. It's time to get to the real work of having a real policy of trade relationsh­ips and engagement around business exports and technology with China.'

"In early August, a group of influentia­l US business groups sent a letter to [Treasury Secretary Janet] Yellen and [Katherine] Tai [recently appointed US Trade Representa­tive] urging the administra­tion to restart trade talks with China and cut tariffs on imported Chinese goods."The silent cruelty of Biden's speech

Biden was right to grieve for the 2,461 Americans killed in Afghanista­n. But he failed to mention the hundreds of thousands of Afghans killed as a direct result of the war, hundreds of thousands more as a result of disease and malnutriti­on, and the millions displaced internally and millions more as external refugees.

Instead of apologies from Biden and an offer of reparation­s, there came news that the US was freezing more than $9 billion in Afghan foreign assets needed by this starving nation lying in ruins.

 ??  ?? ‘‘Instead of apologies from Biden and an offer
of reparation­s, there came news that the US was freezing more than $9 billion in Afghan foreign assets needed by this starving nation
lying in ruins.”
‘‘Instead of apologies from Biden and an offer of reparation­s, there came news that the US was freezing more than $9 billion in Afghan foreign assets needed by this starving nation lying in ruins.”

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