Biden’s Neo-Populist Economic Doctrine


Source: nepal24hours.com nepal24hours.com

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The paradox is that the “Biden doctrine” has more in common with Trump’s policies than with those of Barack Obama’s administration, in which the current president previously served. The neo-populist doctrine that emerged under Trump is now taking full form under Biden, marking a sharp break from the neoliberal creed followed by every president from Bill Clinton to Obama. Trump ran as a populist – commiserating with left-behind white blue-collar workers – but governed more like a plutocrat, cutting corporate taxes and further weakening the power of labor vis-à-vis capital. Nonetheless, his agenda did contain some truly populist elements, particularly...