The conversation kicks off with a critical look at Kamala Harris's proposed price control plan aimed at curbing consumer costs. It then shifts to the U.S. Navy's new long-range missile and its strategic implications against China. The challenges of U.S. military deterrence in the context of ISIS's resurgence are also examined. The hosts dive into the balance of hard and soft power, questioning the effectiveness of soft power in achieving global influence. Finally, historical grand strategies from major nations are explored, highlighting their relevance today.
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Quick takeaways
Kamala Harris' proposal for price controls highlights the tension between consumer relief efforts and market dynamics, raising skepticism about its effectiveness.
The resurgence of ISIS in the region reveals the challenges faced by US military strategies, underscoring a reactive rather than proactive approach to counterterrorism.
Deep dives
Kamala Harris's Federal Ban Proposal
Kamala Harris is advocating for a federal ban on price gouging in the food and grocery sectors, which is part of a larger initiative to alleviate consumer costs. This plan includes directing the Federal Trade Commission to investigate corporations for potential price fixing, with the intention of addressing rising costs that have frustrated many American households. However, skepticism exists regarding the feasibility of this proposal, especially considering the varying interests of members of Congress from agricultural states. Critics view the move as politically motivated but economically misguided, suggesting that such measures could undermine market dynamics rather than support consumer interests.
US Navy's New Missile Capabilities
The deployment of long-range air-to-air missiles by the US Navy in the Indo-Pacific could shift the balance of power in aerial combat by surpassing China's missile capabilities. The AIM-174B missile offers significant advantages, including a range that extends up to 250 miles, outperforming the Chinese PL-15 missile. Despite these technological advancements, there are concerns about the sustainability of this advantage, as China has the capacity to respond with its own upgrades. Ultimately, maintaining a competitive edge in the region may require increased military investment, which is not currently prioritized by the administration.
The Resurgence of Islamic State Threats
US commandos are facing the growing threat of a resurgent Islamic State, which is reportedly regrouping in Syria and training new recruits for violent attacks. The militant group has intensified its operations, prompting American support to Syrian Democratic Forces through airstrikes and intelligence, though the overall strategy appears ineffective. Critics highlight that the US response seems reactive rather than proactive, raising concerns over its commitment and efficacy in countering ISIS in a complex regional landscape. The withdrawal from Afghanistan is seen as a signal of strategic retreat, potentially emboldening extremist groups and leading to decreased deterrence against further violence.
This week, Walter and Jeremy discuss Kamala Harris’ price control plan, America’s new class of Pacific missiles, the reemergence of ISIS in Syria and Iraq, and why soft power isn’t what it used to be.
Each week on What Really Matters, Walter Russell Mead and Jeremy Stern help you understand the news, decide what matters and what doesn’t, and enjoy following the story of America and the world more than you do now. For more, check out tabletmag.com/what-really-matters. You can read Walter Russell Mead’s Tablet column here, and check out more from Tablet here.