How Biden Tries to Save America by Divorcing Neoliberalism
For years the U.S. forced neoliberalism on developing countries. Now it quietly embraces Bidenomics. Should it be held accountable?
After years of forcing neoliberalism down the throats of developing countries, the United States is finally conceding its fallacy by quietly gearing towards Bidenomics. In this article, Di Dongsheng, Professor of International Relations at the Renmin University of China, argues that Bidenomics carries a distinct economic nationalist hue, and his economic policies are, truthfully counter-effective in promoting a more open global economic system.
By Di Dongsheng, 20 March 2024
1. The context in which the Democratic Party of the U.S. proposed its new vision of governance
The debut of the term “Bidenomics” can be traced back to late 2021 when Republican commentators used it to attack Biden’s economic policies. But American culture delights in self-deprecation as a means of displaying self-righteousness. Therefore, by late June 2023, the Biden administration had adopted the term itself to summarize its economic philosophy, categorizing it as a core idea of its reelection campa…
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