The real issue with the current path of US economic statecraft is less that there are few guardrails left––other countries will simply learn to prepare for anything––than that there is no coherent and universalizable vision of world order towards which policy is working.
Last week,
@adam_tooze
lamented in the FT that Biden's "economic security doctrine" was "spiked with brazen, 'America first' power-mongering."
He pointed out that this doctrine had "escalated the tension" with China.
Headlines like this are case in point.
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