![]() ![]() The pro-Biden establishment, of course, has picked up this term and run with it. And nor is it clear that they’re actually investing even after receiving these sops. We are told that this is going to solve the US’s deep-seated economic problems.Īnd certainly his Bidenomics has included considerable sops to the biggest US corporations, the idea being that somehow this is going to induce them to invest, although it is not clear what sort of quid pro quo had actually been set up. He’s even ponied up a new term: “Bidenomics”. You can’t win elections without a good economy.Īnd you can’t say Biden hasn’t tried. And what is the public seeing and what is the public experiencing to give him these negative ratings? Biden’s one hope was to unite the country behind him through good economic stewardship.Īfter all, it was James Carville, Bill Clinton’s campaign manager, the guy who helped reshape democratic politics in the aftermath of the Reagan electoral earthquake, who said, it’s the economy, stupid. MICHAEL HUDSON: Well, what does the public see that Biden and his supporters are not recognizing? That’s really the question that I think we have to talk about today. And since then, they have only gotten worse. Indeed, it had dipped into negative territory by August of the first year he took office. These are the circumstances in which they are being held.īiden’s approval rating is only 38%. Of course, the formal choices before the US public promise to change little, though a worsening on both fronts is entirely in the cards, no matter which of the two main contenders on the scene at present win the election.īut will they even, will either of them win the election because there are so many uncertainties around this election? Will Biden run? Can Trump run? If not they, then who will represent this increasingly divided country?Īnd if no one can, is civil war a possibility that has been canvassed in practically every major news outlet on the cards? And what will civil war in the US mean for the rest of the world?Īll these questions are part of the story of the 2024 elections. ![]() On the contrary, it’s been weighing down on the prospects of peace and development for decades. This is not because the US is a force for peace and development. More than 50 countries are going to the polls, that’s 7 out of its 10 most populous countries, with a combined population of 4.2 billion, that is more than half the world’s 8 billion population.Īmong these, for good or ill, one might add, the US election will be the most consequential, deciding life and death questions such as how much war the world will witness, how well its economy will do. RADHIKA DESAI: And working behind the scenes to bring you this show every fortnight are our host, Ben Norton our videographer, Paul Graham and our transcriber, Zach Weisser.Ģ024 is being billed as the greatest election year in history. RADHIKA DESAI: Hello and welcome to the 23rd Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. You can find more episodes of Geopolitical Economy Hour here. Political economists Radhika Desai and Michael Hudson discuss the rhetoric and reality of Bidenomics, and how good US President Joe Biden really was for the economy. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |