In American elections, it does not matter who is the favorite in the race. Even with a majority in the pocket, both Donald Trump and his rival Joe Biden can lose.

The recently inaugurated U.S. President Joe Biden proclaimed that “America is back,” and this immediately sparked a debate about whether the new administration can effectively restore America’s global supremacy and maintain the liberal international order that Donald Trump’s administration has largely abandoned. On the face of it, President Biden’s return to liberal internationalism is consistent with the basic foreign policy […]