“The truth of the matter is, it’s all within our wheelhouse and nobody has to be punished. No one’s standard of living would change. Nothing would fundamentally change.” –Joe Biden The failure of neoliberalism has undercut U.S. capitalism’s ability to compete within—and by extension dominate—the world system. That is why there is broad support among business elites and the political establishment for Biden’s turn and why it is a dangerous illusion to present it as a concession to the Left. His imperialist Keynesianism is designed to re-cohere a deeply divided nation, rehabilitate the foundations of U.S. capitalism, and reassert U.S. hegemony over the world state system—especially against China, its rising imperial rival. Biden’s proposed expansion of welfare state spending will do little to mitigate the profound social inequalities of the U.S. As Susan Watkins argues, if enacted the plans will not even bring the U.S. welfare state up to the current level of those in Europe, which thems
“The West won the world not by the superiority of its ideas or values or religion (to which few members of other civilizations were converted) but rather by its superiority in applying organized violence. Westerners often forget this fact; non-Westerners never do.” —Samuel P. Huntington, The Clash of Civilisation and the Remaking of the World Order, 1996, p. 51