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Of semiconductor chips, and so the effort is not to wage a war against china but to deny china access to the cutting edge of technology. it seems to me to make sense. what do you think? >> i understand why we're doing it, fareed. but this is -- in terms of u.s./china relations, this is quite a move. i don't know where it ends. let's begauge -- begin with something clear. china's president, xi jinping, invited this move. if you think about xi and putin together, we have the two strongest leaders in russia and china since stalin and mao. the difference is, though, but when stalin and mao misbeha...

Leaves us exposed that forces our president to go to saudi arabia on bended o ed knee and for more oil. we have the resources and we have to do it with a climate policy. but we have waited too long. there has to be a coherent, strategic approach to this, and get over the whole progressive thing that we can't talk to oil companies. if the biden administration doesn't get a coherent policy together, if the energy secretary, who has been missing in action, doesn't get the group together, we need to have a coherent policy that maximizes economic and climate security, if not, we're going to beg eve...

And when washington lost what a french president once called the exorbitant privilege of holding the world's reserve currency. go to cnn.com/fareed for a link to my washington post column. and let's get started. let's talk about the new world of economic war against russia. but yes, also involving china and saudi arabia. for all of this, let me bring in "the new york times" columnist tom friedman. tom, welcome. the first thing is we often don't think a lot about what a countermove of the other side will be. so we've been waging this unprecedented war against vladamir putin. how do you think ...

Go to cnn.com/fareed for a link for a link to my "the washington post" column, and let's get started. ♪ let's talk about the new world of economic war against russia, but yes, sir, also involving china and saudi arabia. for all of this, let me bring in "the new york times" columnist tom friedman. tom, welcome. the first thing i want to ask you is, we often don't think a lot about what a countermove of the other side will be. so we've been waging this unprecedented war against vladamir putin. how do you think putin is thinking about it, and what is his most likely response, though we're low...

But first here's my take. a distinguished russia expert has argued that the west's confrontation with russia over ukraine has already brought us into world war iii. that is dangerous hyperbole. what made the first two world wars so devastating is the major powers of the day got into direct and protracted military conflict with one another. we are not in that kind of battle today, and with nuclear weapons, one shutters to think about the trajectory of a great power war. but she's right in one sense, the west is collectively waging economic war on russia on a scale that would have been unimagina...