Bidenomics, like Reaganomics, will swing back again
The ascendancy of progressivism in the US is inevitable; and so is the move back to conservatism in the future
The US is in the middle of an ideological paradigm shift. After decades in the political wilderness, progressives now dominate culture and are poised to dominate economic policy as well. To some, this represents a terrifying prospect. But alternating ideological programmes are an important part of how nations advance; the progressives need to have their serve.
President Joe Biden’s economic programme is the most strongly progressive agenda any president has pursued since Lyndon Johnson’s Great Society in 1964. It would transform welfare benefits, spend large amounts on infrastructure, science, education, housing and the environment, transform US trade and industrial policy, and make big efforts towards racial equity...
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