Richard Fernandez has been writing a great many posts about China lately. In fact, his last five were on the subject: here, here, here, here (that one’s indirectly about China, anyway), and here.
One of the essays highlights a quote from John Kerry in the NY Times which goes like this:
“My response to [the Chinese on the subject of energy and climate change] was, ‘Hey look, climate is not ideological. It’s not partisan, it’s not a geostrategic weapon or tool, and it’s certainly not day-to-day politics. It’s a global, not bilateral, challenge,’” he said on a call with reporters. …
“Needless to say, adding some 200-plus gigawatts of coal over the last five years, and now another 200 or so coming online in the planning stage, if it went to fruition would actually undo the ability of the rest of the world to achieve a limit of 1.5 degrees,” he said, adding, “The stakes are very high.”
Not only do the Chinese respond by essentially saying, “Hey, little guy, what are you going to do about it?”, but Kerry’s assertion is absurd on its face. I suppose you could change it to read, “The issue of climate change should not be ideological. Neither should it be partisan, nor a geostrategic weapon or tool, nor day-to-day politics. It’s a global, not bilateral, issue and a possible global, not bilateral, challenge.”
Not that China cares one hoot. And Kerry is also lying through his teeth because climate change long ago became exactly what he says it is not.
Fernandez’s most recent post on China is the one in the group that is of the greatest interest to me. In it he writes:
But the ultimate blow to Biden’s Global World has been to its economic underpinnings. China had been going broke gradually, then all of a sudden. “The roots of the crisis date to [Chinese] tax reforms in 1994 which bolstered central government coffers but left local governments reliant on land financing for revenue.” By China’s own reckoning, the country’s vaunted economic growth rested on three huge bubbles that, once exploded, could threaten the Party’s own legitimacy. “This year, Xi has set out to reform the ‘three huge mountains’ of housing, education and healthcare to rein in soaring costs for city dwellers as a way to shore up legitimacy as the ‘people’s leader’, analysts said.”
The Communist Party encouraged the bubbles in order to tax them. But now, with the stream of new business finally exhausted and the entire edifice threatening to collapse like a house of cards, Chairman Xi has suddenly rediscovered Maoism…
Like Indiana Jones, Xi is pursued by three giant rocks and hopes to reach the socialist bunker leaving Western markets to take the brunt of the impact…
The dissolution of the landscape means the Biden administration isn’t plagued by any one malady anymore but by multiple organ failure. The Guardian writes, “Is Joe Biden failing? Less than nine months into his presidency, rising numbers of Americans and not a few foreign allies appear to think so…
At the heart of the Biden collapse is one major factor: Joe had counted on presiding over a world that no longer exists. He is king, but the king of vanishing empire. The situation can no longer be salvaged by tinkering, but only through a radical paradigm shift that the aged occupant of the White House is neither prepared nor able to undertake.
Fernandez is a very smart guy, and I would always pay attention to what he’s saying. I’m no China expert, but what he writes about that country makes sense to me.
However, I’m puzzled by some things Fernandez seems to be saying about Biden in that essay. One is that he doesn’t emphasize what I think are the two most important elements in Biden’s decline in popularity: the growing perception among US voters that Biden’s mental deficits are huge, and their judgment that Biden (or Biden’s administration) has been responsible for the debacle that was the US withdrawal from Afghanistan.
Another thing that puzzles me is that Fernandez seems to think – or at least he writes as though he thinks – that Biden is the one who is mainly in charge here and pulling his own strings. I’ve stated several times that I don’t think Biden is as far gone as a lot of people believe, but I do see him as very cognitively challenged and I see his policies as a combination of fairly vague ideas of Biden’s plus a lot of input from “advisors” who are mainly holdovers from the Obama administration (plus some unknown others).
I’m not sure how much credit Fernandez is giving Biden when he writes that Biden “had counted on presiding over a world that no longer exists.” My sense of Biden is that his evaluation of China was as an entity that could be played for money and favors, if not for himself then certainly for his family members such as Hunter. I think that really was as far as it ever went for Biden, who never struck me as especially involved with geopolitical strategies of any sophistication or depth.
And now I think Biden is running on habit as far as his own input into things goes, and although I think he has some input I don’t think it’s very great.
As Fernandez makes clear, these are extremely challenging times, and Biden is not up to handling them. But neither would any Democrat be, in my opinion – and precious few Republicans, as well.
It is said that Otto Von Bismarck stated, “There is a Providence that protects idiots, drunkards, children and the United States of America.” Let’s hope so.



