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One can be justifiably incredulous at American's world leadership while also finding a China-led "new world order" absolute fantasy. No need to counter the Chinese, give Xi all the room he needs to fall over himself and all the rope he needs to hang himself. He will do all the work himself and the world needn't spend any effort defeating the CCP.

Underlying Xi's call to maintain international law and order through existing global institutions, is his belief and absolute confidence that China has commandeered there organisations, or at least sufficiently crippled them into to inaction.

One need oy look at the Belt and Road initiative to see that when China is left alone to build alliances and economic partnership, it fails miserably and fantastically. Only Hungry seems to be a reliable Belt and Road investment recipient.

Calling on Russia and China to protect Justice? Again, one doesn't have to think America is blameless in its world leadership to find a world order where justice and rule of law are delivered by Russia and China to be a dark, dark, dark place.

I always thought American foreign policy was largely ineffective and incoherent because it is actually inwardly focused. China's foreign policy is embarrassingly set by the delusions of a single guy who sees the world as he wishes it to be not as it is.

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Bill - by "Minsky moment" I assume you mean a sort of tipping point in global sentiment favoring the PRC over US perspective? Or do you mean a collapse in collective confidence in global institutions? From what I recall of his concept, this was basically the tipping point that resulted from the dynamic of "stability is destabilizing" by driving overconfidence and speculation in financial markets, so I'm not sure what the corollary would be in a geopolitical environment. Funny that you mention Minsky... I read quite a bit of his work back in 2008 but have almost never heard people cite him.

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it is a bit of a flip comment, but the broader point is to ask whether we are at the cusp at a sudden onset of a collapse of the existing international order, after decades of US-led profligacy and hubris? Xi et al seem to be believe we are, with the "changes unseen in a hundred years" mantra, and the disaster in Afghanistan I expect will only confirm to them that their diagnosis is correct

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a collective decision about the US by a fair number of countries that not only "the emperor has no clothes" but also that there is a new emperor on the rise that can start to really push back....been happening slowly for a while, in fits and starts, but perhaps this kind of thing happens slowly until suddenly it happens quickly

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You have to hand it to the man (Xi): he can say these things with a straight face. I wonder if he goes home at night and laughs into his pillow.

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