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Ep. 205: Gary Gerstle on Unprecedented Trump, Unrecognised Biden, and Unusual Times

Mar 1, 2024

Expert Gary Gerstle discusses Biden's achievements and shift from neoliberalism, antitrust efforts against big tech, Biden's popularity challenges, potential scenarios of Biden stepping aside, legal challenges against Trump, and concerns over presidential power accumulation.

48:20

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Episode guests

Gary Gerstle

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Episode notes

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Quick takeaways

Biden's shift to state-led investments reflects a departure from neoliberalism towards directed market policies.

Challenges to Biden's popularity stem from inflation, immigration, and age-related concerns overshadowing his economic successes.

Trump's enduring impact on the GOP signals ongoing party dynamics and potential implications for future elections.

Deep dives

Biden Administration's Economic Policies and Accomplishments

Biden's presidency has seen significant legislative achievements despite challenging congressional majorities. His focus on three major legislative packages, including green energy investments, infrastructure development, and reshoring of chip manufacturing, reflects a shift away from neoliberal policies to a more directed market approach. These initiatives aim to rebalance the relationship between the state and markets by using government investments to shape private industry towards national security and public goods.

Introduction

2min

Biden's Economic Policies and the Shift from Neoliberalism

9min

Antitrust Efforts Against Big Tech in the Biden Era

7min

President Biden's Popularity and Political Challenges

17min

Presidential Re-run and Legal Challenges

11min

Analysis of Presidential Power Accumulation and Concerns Over Trump's Approach

3min

Gary Gerstle is the Paul Mellon Professor of American History Emeritus and Paul Mellon Director of Research at the University of Cambridge. He is the author and editor of more than ten books, including two prize-winners, American Crucible: Race and Nation in the Twentieth Century (2017) and Liberty and Coercion: The Paradox of American Government from the Founding to the Present (2015). His most recent book, The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era (2022), was chosen as a Best Book of 2022 by the Financial Times and Prospect Magazine. He has also testified before the US Congress on immigration matters. This podcast covers: what Biden has achieved during his administration, shifting power from markets to the state, why Biden is unpopular, and much more.

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