FeaturesGlobal IssuesNorth AmericaPoliticsWorld
Biden has revived democratic capitalism – and changed the economic paradigm
The president’s domestic successes offer a rebuke to disciples of Reagan: the ‘free market’ has never existed
How can inflation be dropping at the same time job creation is soaring?
- Robert Reich
- The Guardian
It has taken one of the oldest presidents in American history, who has been in politics for over half a century, to return the nation to an economic paradigm that dominated public life between 1933 and 1980, and is far superior to the one that has dominated it since.
Call it democratic capitalism.
The Great Crash of 1929 followed by the Great Depression taught the nation a…