The Biden administration will be unable to avoid continuing America’s fierce competition with China. It also will find that, like-minded and democratic or not, most states will have distinct national interests and will seek to act autonomously, dancing between the feet of the battling giants, trying to extract or leverage the best price for their allegiance and alignment in the Chinese-US competition. With a deep past investment in the US hegemony, Australia is awkwardly placed as this new age of strategic capitalism unfolds.
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