Volts How the Biden investments are changing America
Sep 18, 2024
Heather Boushey, a key economist on President Biden’s Council of Economic Advisors, discusses the sweeping impact of Biden's $910 billion industrial investment strategy. She explains how these investments, aimed at fostering job growth in clean energy and manufacturing, address inequality and support middle-class expansion. Boushey highlights the importance of collaboration between government and private sectors for sustainable community revitalization, and how innovative initiatives are essential in navigating economic challenges and promoting resilience against monopolistic practices.
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Break with Neoliberalism
- The Biden administration's economic approach is a break from neoliberalism, prioritizing intentional economic construction.
- Markets are powerful but don't always deliver optimal outcomes, especially during crises.
Cake Metaphor
- Heather Boushey uses a cake metaphor to illustrate the transition to clean energy.
- The goal is to carefully shift the economy from fossil fuels to clean energy without disrupting stability.
Proactive Economic Thinking
- The Biden approach involves proactive economic thinking, a shift for the Democratic establishment.
- This involves considering what kind of economy is desired and intentionally constructing it.