Thursday, August 10, 2023

Biden Corrected Trump Economic Disaster, But It’s Still Late Stage Capitalist Corporatism

 

Sure, Biden has reversed the economic calamity that was the Trump administration. Anyone competent could have. But all of us who aren’t in the 1% are still having a hard go of it. Why? It’s because Biden is merely tinkering within the guardrails of the corporatist and right wing economic consensus that has been in place since 1980; the one that has led to record upward wealth concentration and income inequality, the one that his too-conservative predecessors Clinton and Obama similarly upheld.