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ollowing a chaotic election that saw the former president, Donald Trump, and his allied partners attempt to overturn the election results, the incumbent president Joe Biden, amid the rising chaos faces an uphill battle trying to restore the dignity America once was. Biden’s rise to the hill wraps up one of the most dramatic political transitions in American history. Even as the pandemic continues to shatter lives in America, there clearly seem to be more pressing issues that the president has to deal with, especially issues to do with race, but I will get to that in a moment.
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Entering the office, Joe Biden promised a $9 trillion injection into the economy. An infrastructural package that could potentially transform the US apart differentiating it from the rest of advanced nations. It is highly likely that the proposal may be just another watershed moment for the economy which clearly signals that the era for neoliberal capitalism is far much behind us. While this concept may be dead and forgotten, what comes next? If you compare challenges that advanced governments like the US face today with those they faced decades ago, there are huge fundamental differences. The challenges that we faced decades ago enabled the birth of the New Deal and the welfare state. Today’s problem and very different. We are talking about institutional and systematic racism (this has not changed a bit!) climate change, labor market disruptions, hyper and de-globalization and all these require new tactics and new solutions. It further shows that any leader has to have a new economic angle to how they’ll approach these situations, rather than having a nostalgia for the mythicized age where governments really sort for shared prosperity at home and global greed for supremacy abroad. 16
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THE ROAD TO RECOVERY FOR PRESIDENT JOE BIDEN IN FIXING THE ECONOMY
