The Weight of History and Joe Biden

We are seeing noise on this. The present developing double health and economic crisis are changing the future direction of a potential Joe Biden presidency. The present is not just the pandemic, whose weight we are yet to fully comprehend. But we have yet to fully grasp the consequences to the economy which we humans can have more of an effect on. Joe Biden knows that his presidency will start under the weight of the worst economic crisis since the last Great Depression. In fact, it already makes the Great Recession look like a walk in the park.

His party, which still is a center-right party is starting to consider policies that are liberal in the mid-twentieth-century sense. The Neoliberal ideology of the last two generations is dead. It survived the Great Recession, will now be confined to the dustbin of history because it is no longer practical. The era of big government is back. We are in the midst of the greatest crisis in modern history. It is one pregnant with a lot of challenges, but also opportunities to remake the world.

For starters, the economic devastation is vast since we brought the global economy to a halt. economic reserves to deal with this are all but nonexistent, partially because we have developed an aversion to taxation in the United States. This problem is so severe that Jeff Bezos has paid no taxes for Amazon, and he is about to…