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I would never underestimate my enemy, Kissinger knew exactly what he was doing.
Of course, though Kissinger mostly operated at the level of thinking like, "hey we should bring China into our orbit to isolate the USSR". But even then it looks like the Kissingers aren't really in power anymore, it is the failsons of Kissingers that believe their parents' cynical propaganda.
Also consider that the enemy is not overly competent at individual gambits, they just have many opportunities to deploy them and react, as they have the levers of power. Capitalists generally do not coordinate and plan long term, capital just forces them to on occasion by shared interests. If they screw up enough to threaten overall domination and profit, they pull on every lever they can until restorative action is taken - bailouts, war, theft, etc.