The risk king is a term used by private finance to conceptualize the role of the state in mobilizing private capital for the energy transition in the global south. Daniela, you have argued that these measures are fundamentally flawed and that they prioritize a narrow form of government intervention. What kind of state capital relationship does Bidenomics put in place when it brings the state back? You basically bride private capital into the kind of public policy priorities that you don't think can be achieved due to macro financial constraints or reasons that have to do with a domestic political constraint. It puts capital in the driving seat. And I'm sure we'll get to this issue soon but right now there's an inadequate script for
Featuring Daniela Gabor, Ted Fertik, and Tim Sahay on Bidenomics. We define and debate the new American industrial policy, the energy transition, the New Cold War with China—and more.
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