The pragmatist – Joe Biden would not remake America’s economy | Briefing

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SOME LEADERS, when they come into office, have a powerful economic vision for transforming how their country creates wealth and distributes it. Others approach power as pragmatists whose goal is to subtly shape the political and economic forces they inherit. Joe Biden is firmly in the second camp. He is a lifelong centrist whose most enduring economic belief is his admiration for hard-working Americans and who has shifted with the centre of gravity in his party. But Mr Biden’s ability to go with the flow means that, at the moment, both the left and the right are anxious about the prospect of Bidenomics.

Indeed, if Mr Biden wins the election in November and enters the Oval Office in January 2021 he will confront an extraordinary set of circumstances that will put a huge amount of pressure on him. The economy is clawing its way back from the sharpest slump in living memory…

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