Is Biden ready to insist that national economic planning is not just ideologically permissible but urgently necessary?
The world economy, to the degree it still works at all, serves to benefit the few at the expense of the many. The author of the book under review does an economic deep dive into ways that can reverse that antidemocratic equation.
Using policy to shift economic power and make U.S. incomes grow fairer and faster. Boosting income growth for the bottom 90 percent requires a policy agenda that explicitly aims to halt or reverse the rise in inequality. Finding no relationship between rising inequality and faster growth means raising living standards for the bottom 90 percent can likely be better for overall growth.
In the case of energy policy, what's holding back innovation and domestic production is the absence of assured markets for startups. But in this anti-government, laissez-faire nation, the military gets a safe conduct pass to do something that no other branch of government is ideologically allowed to do -- commit the sin of economic planning.
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