Wednesday, February 8, 2023

Biden has revived democratic capitalism – and changed the economic paradigm

Biden's larger achievement has been to change the economic paradigm that has reigned since Reagan. He is teaching America a lesson we once knew but have forgotten: that the "free market" does not exist. It is designed. It either advances public purposes or it serves the monied interests. Biden's democratic capitalism is neither socialism nor "big government". It is, rather, a return to an era when government organized the market for the greater good...


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