Anyone who denies that the US has initiated a New Cold War should watch the section of Biden's address where he bifurcates the world into democracies and autocracies, then calls for increased domestic social spending not to address inequality per se, but to "compete" with China.
One of the few moments in which applause erupted from both sides of the chamber was when Biden boldly pledged to maintain a substantial US military presence in the Indo-Pacific to counter China. Imperialism unites.
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