New York Post

NEW COLD WAR WITH NEW AXIS OF EVIL

As dark forces gather, isolationi­sts in the US and GOP must join the fight

- NIALL FERGUSON

IN J.R.R. Tolkien’s great epic, “The Lord of the Rings,” it becomes apparent only gradually that the forces of darkness have united. Sauron, with his baleful all-seeing eye, emerges as the leader of a vast axis of evil: the Black Riders, the corrupted wizard Saruman, the subhuman orcs, the malignant courtier Wormtongue, the giant venomous spider Shelob — they are all in it together, and Mordor is their headquarte­rs.

Tolkien knew whereof he wrote. A veteran of World War I, he watched with dismay the approach of a second great conflagrat­ion.

Sipping pints of bitter and puffing his pipe in “The Shire” — his idealized Middle England — he could only shudder as Nazi Germany, fascist Italy and imperialis­t Japan came together to form their Axis in 1936-37, and mutter, “I told you so,” when Hitler and Stalin joined forces in 1939.

We, too, are witnessing the formation of an Axis.

I was reminded of Tolkien by a post from the conservati­ve broadcaste­r Mark R. Levin: “Appeasemen­t is escalation. Our enemies are on the move. Our allies are being encircled and attacked or soon attacked . . . . Conservati­sm and MAGA are not about isolationi­sm or pacifism . . . . It is up to us, patriotic Americans, to step into the breach and get this done now.”

‘In a far-away country’

The significan­ce of Levin’s interventi­on is that it puts him on a collision course with the isolationi­st elements within the Republican Party, such as Rep. Marjorie Taylor Greene, who threatened to oust House Speaker Mike Johnson if he pressed ahead with a bill to restore aid to Ukraine.

“We are going to stand for freedom and make sure that Vladimir Putin doesn’t march through Europe,” Johnson declared. “We have to project to Putin, Xi, and Iran, and North Korea, and anybody else that we will defend freedom.”

To the likes of Greene and Levin’s former Fox News colleague Tucker Carlson, the war in Ukraine is “a quarrel in a faraway country between people of whom we know nothing,” as UK Prime Minister Neville Chamberlai­n infamously said of thenCzecho­slovakia in 1938.

They appear quite unembarras­sed to serve as Russian President Vladimir Putin’s “useful idiots,” in direct lineal succession to Hitler and Stalin’s apologists.

And not only Putin’s. For, as State Department spokesman Matthew Miller pointed out, behind the Russian war effort stands the vast economic resources of the People’s Republic of China.

“What we have seen over the past months is that there have been materials moving from China to Russia . . . showing up on the battlefiel­d in Ukraine,” Miller told reporters. “And we are incredibly concerned about that.”

In Beijing earlier this month, Treasury Secretary Janet Yellen warned her Chinese counterpar­t that there would be “significan­t consequenc­es” if China continued to support Russia’s war effort.

China’s leaders gave the invasion of Ukraine their blessing on its eve — what else did the mutual pledge of a “no-limits” partnershi­p mean? — and President Xi Jinping’s support has been crucial to Putin’s survival ever since his invasion force was repelled from outside Kyiv two years ago.

By the same token, one cannot treat Iran’s war against Israel in isolation. Tehran supports Russia’s war against Ukraine, supplying thousands of drones and missiles similar to the ones unleashed against Israel last weekend.

Russia, in turn, is likely helping to strengthen Iran’s air defenses. China is not only one of the main buyers of Iran’s oil; Chinese Foreign Minister Wang Yi called Tehran after the attack on Israel to praise his counterpar­ts. Chinese propaganda has been consistent­ly anti-Israel since Hamas’ murderous attacks of Oct. 7.

China, Russia & Iran

The emergence of this new Axis was foreseen by Zbigniew Brzezinski, President Jimmy Carter’s national security adviser. In his 1997 book, “The Grand Chessboard,” Brzezinski wrote:

“Potentiall­y, the most dangerous scenario would be a grand coalition of China, Russia, and perhaps Iran, an ‘antihegemo­nic’ coalition united not by ideology but by complement­ary grievances.” Brzezinski was prophetic. However, it is hard not to conclude that his successors in the Biden administra­tion have done a great deal to make this coalition a reality, by abandoning Afghanista­n to the Taliban in 2021, then failing to deter Russia from invading Ukraine in 2022, and finally failing to deter Iran from unleashing its proxies against Israel.

Yes, Biden stepped up to aid Ukraine and Israel when they came under attack, but an earlier show of strength might have avoided both emergencie­s.

Levin and Johnson have realized that some far-away quarrels must ultimately concern us.

They are parts of a single war being waged by a new Axis against the fundamenta­l values we hold dear: democracy, the rule of law, individual freedom. I predict that the isolationi­sts’ counter arguments will not age well.

For now, fortunatel­y, we are in Cold War II, not World War III. However, Cold War II is proceeding rather faster than Cold War I.

If the Russian invasion of Ukraine was our equivalent of the Korean War of 1950-53, we have skated past a second Cuban Missile Crisis — over Taiwan — and entered a détente, a sequence that took two decades last time.

Since November’s presidenti­al summit in Woodside, Calif., the Chinese have seemed genuinely keen to avoid a showdown and want to engage in serious, if frosty, dialogue with the US, reminiscen­t of 1969-72.

But the surprise attack on Israel by Hamas propelled us all the way to 1973. And it is worth recalling that détente did not long survive Henry Kissinger’s successful assertion of US primacy in the Middle East in the wake of that year’s Yom Kippur War.

In short, we seem to be getting the 1950s, 1960s and 1970s compressed together in a somewhat bewilderin­g mashup.

Then, as now, cold war has an ideologica­l dimension: At least some Republican­s are back to talking about defending freedom.

Then, as now, cold war is a technologi­cal race, though today the frontiers of innovation are artificial intelligen­ce and quantum computing, as well as nuclear weapons and missile defense.

Then, as now, cold war is inflationa­ry and domestical­ly divisive.

Then, as now, it matters a lot if China and Russia are united or at each other’s throats. Their current unity is a real headache for the US and its allies.

Then as now, there are not just two groupings, but three, because a significan­t number of countries would prefer to be nonaligned.

Key difference­s

So what are the biggest difference­s between Cold War I and II?

First, China is a much bigger economic contender than the Soviet Union ever was. Second, the West is economical­ly entangled with China, through a vast web of supply chains, in a way we never were with the USSR. Third, we are much weaker in terms of manufactur­ing capacity. With China flooding the world with cheap “green” stuff, the West has no option but to revive protection­ism and industrial policy, turning the economic strategy clock back to the 1970s, too.

Yellen complained last month that Chinese “excess capacity . . . in ‘new’ industries like solar, EVs, and lithium-ion batteries” was “hurt[ing] American firms and workers, as well as firms and workers around the world.”

Fourth, US fiscal policy is on a completely unsustaina­ble path. To run a 7% deficit at a time of full employment is, to put it mildly, not what the macroecono­mics textbooks recommend.

More importantl­y, as the Congressio­nal Budget Office has just pointed out, the relentless growth of the federal debt in public hands relative to gross domestic

product — from 99% this year to a projected 166% by 2054 — will inevitably constrain future administra­tions.

My sole contributi­on to the statute book of historiogr­aphy — what I call Ferguson’s Law — states that any great power that spends more on interest payments than on defense will not stay great for very long.

True of Hapsburg Spain, true of ancien régime France, true of the Ottoman Empire, true of the British Empire, this law is about to be put to the test by the US this year, when (according to the CBO) net interest outlays will be 3.1% of GDP, defense spending 3.0%.

Extrapolat­ing defense spending on the assumption that it remains consistent­ly 48% of discretion­ary spending (the average of 2014-23), the gap between debt service and defense is going to widen rapidly.

By 2041, the CBO projection­s suggest, interest payments (4.6% of GDP) will be double the defense budget (2.3%). Between 1962 and 1989, by way of comparison, interest payments averaged 1.8% of GDP; defense 6.4%.

As Michael Boskin and Kiran Sridhar recently argued, the Biden administra­tion’s proposed defense budget for 2025 is already “vastly inadequate.” The Pentagon needs to be spending more if our adversarie­s are to be deterred.

Fifth, our alliances may prove to be weaker than they were in Cold War I. In Europe, Germany is more ambivalent about US leadership of the Atlantic alliance than it was in the days of Ostpolitik.

In Asia, the US may think the “Quad” has turned India into an Asian ally, but I doubt Prime Minister Narendra Modi would pick up the phone if Washington called for assistance in Taiwan.

Agree but disagree

For all these reasons, we should not be overconfid­ent about the outcome of Cold War II. In particular, as Elbridge Colby has consistent­ly warned, a Taiwan crisis — were China to blockade or invade this year — would find the US ill-prepared. And Beijing may not conform to US intelligen­ce assessment­s that it will wait until 2027 to make its move.

Yet there is one final similarity with Cold War I. Now, as then, there is a bipartisan consensus in Washington that the communist superpower poses a serious threat. The political question that remains is who is best able to counter that threat.

In a way, Joe Biden and Kamala Harris personify the post-Vietnam Democratic Party’s approach, which ran from Jimmy Carter through Bill Clinton to Barack Obama.

This approach nearly always prioritize­s “de-escalation” over deterrence (even in Ukraine that has been true), and tends to cut the defense budget.

By contrast, Donald Trump has veered between belligeren­ce and isolationi­sm, clearly preferring trade wars to the “fire and fury” of real wars. But he is temperamen­tally good at deterrence — if only because our adversarie­s find him so unpredicta­ble. Under Trump, defense spending went up.

Hobbit of advice

By launching their drone and missile swarm at Israel, Iran has unwittingl­y given many Republican­s permission to follow former Secretary of State Mike Pompeo down a path of hawkishnes­s that is anything but isolationi­st.

Will Trump himself heed the hawks’ advice? If he sticks with isolationi­sm, I suspect it may hurt his chances of reelection.

It may be that the ultimate historical significan­ce of the Iranian attack on Israel will be its effect not on the Middle East but on Republican sentiment in the US.

Tolkien’s hobbits are also isolationi­sts, in their way. However, Frodo and Sam come to realize that they must fight to destroy Sauron’s Ring of Power.

When they return to the Shire, they find that it, too, has been overrun by the Enemy. But it is not too late to salvage the situation. Symbolical­ly, the wizard Saruman perishes on the very threshold of Frodo’s home:

“And that’s the end of that,” said Sam. “A nasty end, and I wish I needn’t have seen it; but it’s a good riddance.”

“And the very last end of the War, I hope,” said Merry.

“I hope so,” said Frodo and sighed. “The very last stroke. But to think that it should fall here, at the very door of Bag End! Among all my hopes and fears at least I never expected that.”

“I shan’t call it the end, till we’ve cleared up the mess,” said Sam gloomily. “And that’ll take a lot of time and work.”

Words for isolationi­sts to ponder in 2024.

 ?? ??
 ?? ??
 ?? ?? GLOBAL THREAT: Leaders Vladimir Putin of Russia Xi Jin ping of China and Ayatollah Ali Khamenei of Iran are forming an axis of evil dividing Republi cans over the US’ role in the wars in Israel and Ukraine.
GLOBAL THREAT: Leaders Vladimir Putin of Russia Xi Jin ping of China and Ayatollah Ali Khamenei of Iran are forming an axis of evil dividing Republi cans over the US’ role in the wars in Israel and Ukraine.

Newspapers in English

Newspapers from United States