Neoliberal ideologue Larry Summers freaks out over Bidenomics, says he’s ”profoundly concerned by the doctrine of manufacturing-centered economic nationalism that is increasingly being put forth as a general principle to guide policy,” in contrast to policies of Clinton and Obama; Summers doesn’t like compulsory labor standards built into federal funding, and views offshoring of 10,000 US factories as a golden age;
Success of US system requires constitutional democracy with due process and representative government; But a rising standard of living is also indispensable, in line with FDR’s dictum that needy people cannot be free people; Biden gets it;
Conviction of Trump would deprive Putin of any hope of prevailing in Ukraine through US betrayal of Kyiv; defeat of Putin can dissuade Xi from aggression while isolating North Korea and Iran;
For Labor Day, White House proposes raising eligibility wage level for overtime pay rates to $55,000 per year;
If he wants to fight immiseration and despair, singer Oliver Anthony should support Biden’s anti-globalization revolution in trade and industrial policy, the only detailed reform plan that goes beyond crass platitudes;