Excuse me, but what is The Guardian’s south Asia correspondent going on about?

Unlike the cold war, where America shut out its rivals from the world
market and refused to trade with them, its policy in the coming decades
is to entangle rising powers in a web of rules designed to favour
itself.

Who shut who out of the world market?

By comparison America has not built a nuclear reactor for three
decades, since the Three Mile Island scare of the late 1970s. Conscious
of being dependent on oil in a time of rising prices, George Bush
decided to reactivate the country’s nuclear programme and capture the
benefits of the labour of others.

"Capture the benefits of the labour of others"? You, mean, like, buy their production? Trade?

Sheesh, did this guy get his education with the Communists of West Bengal or something?