Can The G7 Stand up to China?
US President Joe Bidens ill-defined program to counter Chinas Belt and Road Initiative (BRI) is unlikely to pose a serious threat to the latter. Hubristically named after one of his domestic campaign slogans, Build Back Better for the World (B3W) aims to be an alternative multilateral funding program to the BRI for developing countries. Ideologically, the B3W rests on the rather facile assumption that the world today is divided between democracies and autocracies, and B3W will somehow rescue countries from their drift toward authoritarian China. This bifurcation of the world into two opposing camps will make Americas European allies deeply uncomfortable, as it carries echoes of the Cold War. This notion ignores the fact that, due to democratic backsliding in the world today, there are various countries nominally allied to America but which straddle the divide between democracy and autocracy. Furthermore, B3W is riddled with far too many internal consistencies and rests on America, Europe and Japan moving in tandem with regard to their China policies. BREAKING: Biden mass with the Pope cancelled amid controversy over Bidens eligibility to receive communion https://t.co/qAjt8psSA6  AntifaBook.com (@JackPosobiec) June 15, 2021    There is no uniform China policy within the EU. Germany, for example, continues to view China as a critical market for its high-tech manufacturing products and automobiles. It will not want to be seen to be too enthusiastic in its support of B3W lest it antagonizes Beijing. The EU, despite American pressure, recently signed an investment deal with China. On the issue of freeing global supply chains from the use of forced labor (a reference to Chinas treatment of the Uighurs), there has even been pushback from American corporations. https://t.co/kQOyaHNEsg via @nypost  DEFUND & ABOLISH POLICE, REFUND OUR COMMUNITIES (@BreeNewsome) June 15, 2021  It also remains to be seen how B3W will be funded, beyond vague assertions by American diplomats that the program will incorporate existing multinational funding programs. Moreover, B3W funding will be attached to conditionalities regarding human rights, climate change, corruption and the rule of law. This raises the question of why developing countries would choose to work with a patchwork of funding initiatives wedded to intrusive conditionalities rather than continue to seek Chinas simplified and no-strings-attached BRI funding. Currently, the political atmosphere in the country remains hostile to large firms and banks, with Biden himself planning to finance his domestic Build Back Better program by raising taxes on big business. They aren't the only ones laughing. Crying would be more appropiate. "The blooper  one of several #Biden made amid the series of meetings with world leaders  prompted laughter at his expense at the start of a roundtable discussion in Cornwall, England. "https://t.co/8AkF58Zh1Y  Hermann Observer (@Clarsonimus) June 15, 2021  The recent America-led initiative to institute a global minimum tax on multinationals reduces their competitiveness against Chinas state-backed companies. Republicans in America remain allergic to industrial policy that seeks to divert public-sector funding toward research and development in strategic sectors. This has allowed China to steal a march over America on 5G technology, for example. President Biden (@danacarvey) wants you to know you can trust him because of his hands.  #LSSC pic.twitter.com/G52WTn3pWY  The Late Show (@colbertlateshow) June 15, 2021    That B3W is named after one of Bidens domestic initiatives is a well-worn sign of Americas imperial pretensions. It assumes that what is good for America ought to be a model for the rest of the world. Yet even in this endeavor, America falls short. The US Congress, which holds the purse strings for any government initiative, is yet to approve Bidens domestic spending initiatives under the Build Back Better program. Large parts of it may eventually have to be sacrificed to achieve bipartisan consensus in Americas dysfunctional polity. New @globalcompact research: none of the G7 leading industrial nations main stock indices are aligned with global emissions targets set out in the #ParisAgreement, thwarting efforts to avoid the worst impacts of climate change. https://t.co/i1Yfu9cVLi  UN Environment Programme (@UNEP) June 15, 2021    Even as America seeks to use B3W to promote free trade and more robust global supply chains, Washington is silent about rejoining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. This multilateral free-trade agreement includes Americas allies but faces strong opposition from both Republicans and Democrats. The B3Ws planned incorporation of climate change and green goals will likely run into opposition even from Americas allies. For example, there were howls of protest from across the Canadian political spectrum when the Biden administration recently canceled the Keystone XL pipeline project meant to transport oil from Canada to the US. The G7 related activities were probably great for The Queen. Back on the beat, accompanied by her family & doing what she does best! Contrary to suggestions she should retire she was probably thrilled for the almost normal return to her pre-pandemic life. #LongLiveTheQueen #EIIR pic.twitter.com/ndjnlgxK12  Christian Onassis   (@COnassis) June 15, 2021  Biden wants to recast America as a model state in the hope that this can increase the attractiveness of B3W. However, the White House has remained silent on B3W incorporating the movement of labor in addition to the movement of capital, goods and services. The Biden administration has yet to announce any plans for immigration reform. And the world recently witnessed Vice President Kamala Harris, herself the daughter of immigrants, telling Central Americans: Do not come to the US. The world would rather sign up to BRI projects, based on hard-nosed realpolitik, rather than Americas B3W, based on woolly feel-good values that America is very obviously only paying lip service to. B3W found a vague single-line mention in the communique issued at the end of the G7 summit. This is perhaps a sign that the rest of the G7 members recognized it for what it was: Verbal gimmickry aimed at a domestic audience by a newly elected president desperate for a foreign policy victory.