The Realignment 157 | Adam Tooze: How Covid Reshaped Capitalism, the Cold War, and Politics
Sep 9, 2021
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Cold War Never Ended in Asia
- The US has never truly "won" the Cold War in Asia; it's more accurate to say the conflict continues.
- Afghanistan's chaotic withdrawal doesn't signify the end of American global power or its strategic focus on China.
COVID Signals Neoliberal Crisis
- COVID-19 marks a crisis in neoliberalism, but it's likely the start of ongoing crises related to global capitalism and climate change.
- Neoliberalism is complex, overlapping ideas, practices, and power structures that have been challenged but not ended by 2020 events.
COVID Exposes GOP Conservatism Crisis
- COVID-19 exposed divisions: Democrats managed crisis with big government tools, whereas Republicans struggled with fiscal conservatism.
- The GOP's incoherent response signals a systemic risk for American conservatism's ability to govern effectively.