The Pak Banker

'End of liberal democracy'

- Bilal Khan

Since the inaugurati­on of US President Joe Biden, many experts have presented an ex-ante assessment of the new administra­tion. These assessment­s appear to aggregate a very cautiously optimistic outlook.

The projection­s consider the most pressing challenges facing the new administra­tion both at home and abroad. Some of the global challenges are gigantic in proportion­s, although, these challenges are only symptoms of a single underlying problem.

The central problem at the heart of America's top global challenge is redeeming democracy. The apparent end to liberal democracy is in reality an existentia­l threat to the US and, by extension, the Western way of life as we know it.

China, by official definition, is the primary challenge facing the United States. There are many aspects to the challenge posed by Beijing's "wolf warriors."

As recent statements indicate, these mostly entail China's increasing strategic assertiven­ess, manipulati­ve trade and financial practices, disrespect for intellectu­al property, abysmal human-rights record and a general lack of regard for establishe­d rules of the game.

The United States, in comparison, created these rules, and remains to this day their main protector and patron. It is assumed that it is in the best interest of the US to perpetuate these rules, strengthen the many institutio­ns these rules helped create, and thereby preserve the global order that keeps Americans at the top.

The fact that the US also never hesitated to discard these rules whenever expedient is not lost on the "revisionis­ts" of the world. Regardless, China is anathema to the free world, so we are told.

China has continued to rise as a great power and, with its rise, increasing discussion­s of a neo- Cold War have continued to animate academic and policy circles in the US. Some even whisper their fears of a possible militarize­d conflict between the two great powers.

Out of academia, the question reverberat­es to the world at large: Will the US go to war with China to prevent its further rise? Will they actually fall victim to the Thucydides trap? Some suggest that these passionate discussion­s are just reflection­s of paranoia and innate weakness of a great power in decline.

A sizable majority in academia believes the US-China competitio­n is unlikely to result in an outright war because of their mutual economic dependence. But some in academia also believed in the "end of history" and the "triumph of liberal democracy" some 30 years ago.

One of political science's sore moments as a discipline was its inability to predict the fall of the Soviet Union. Another failure was to predict how populist leaders could turn democracy to fascism. If the last four years have taught nothing about the fragility of this optimism, I wonder what will.

China's increasing belligeren­ce is symptomati­c of its eagerness to take over the role of the next hegemon. Hard power is a function of military and economic might. China's economy is already the second-largest in the world, tailgating the US. And it is still booming compared with the exhausted US economy, which needs a serious kick to pick up again. The Chinese economy is set to overtake the US economy before the end of the decade, maybe even sooner.

The Chinese were already a formidable ground power 70 years ago during the Korean War. The sheer technology gap in maritime and air power, though, kept them lagging for decades. But China has been catching up fast in recent years, and it will overtake the US sooner rather than later. It is sure to surpass US primacy on all accounts.

The passionate academic discussion­s about the growing greatpower competitio­n lack attention to America's diminishin­g credibilit­y. The last four years have displayed America's political dysfunctio­n for everyone to witness, as Shlomo Ben-Ami, former Israeli foreign minister, has rightly concluded.

The real damage Donald Trump's presidency has done is to show the world how overrated and vulnerable democracy really is.

 ??  ?? ‘‘Some of the global challenges are gigantic in proportion­s, although, these challenges are only symptoms of a single underlying problem. The central problem at the heart of America's top global challenge is redeeming
democracy.”
‘‘Some of the global challenges are gigantic in proportion­s, although, these challenges are only symptoms of a single underlying problem. The central problem at the heart of America's top global challenge is redeeming democracy.”

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