Obama has deftly rebuilt US global influences, mending relationships with countries that were hardened enemies. Unfortunately, some of the steps also build the influence of multinational corporations that the US bows down to.

Reducing Chinese influence is to a large extent a good thing, when you consider the pervasive corruption and deepening political repression of the Chinese state. But the US is not immune to these things; industries including fossil fuel extraction, pharma, medical care, publishing, and plenty of others have corrupted the US government, while massive surveillance threatens US democracy. We can't take for granted that the US will be better than China.