Joe Biden’s Radical Legacy

We’re witnessing a generational shift in U.S. economic policy. The era of neoliberalism is coming to an end. In its place, the Biden administration has a radical vision to bring back American manufacturing—and put the middle class above wealthy investors. And it’s working.

Featuring @RBReich

Chapters:
0:00 Intro
1:59 Financialization
3:41 Free trade
6:05 The neoliberal bargain
7:11 2016 election
8:33 Biden’s radical world view
9:20 Biden’s policies
12:27 US-China trade war
14:06 Conclusion
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[ghintz]

Bernie out here spitting the facts decades ago

[tylerwhorff]

Man if Biden is considered radical I don't even know what to call what we really want to happen

[ricardoraphaelcoronamoreno]

"That we'll reward work, not wealth in this country" feels like a great motto for the next decade

[earthsystem]

TRICKLE DOWN wasn't "the bargain of the last half century, " that was not what Americans agreed to, that's what we were subjected to like serfs.

[brucehamilton]

To be clear, the NAFTA agreement was bipartisan. Although Bill Clinton did sign the NAFTA agreement when he got into office, he did not create it. NAFTA was the brain child of Ronald Reagan who passed the Trade and Tariff Act in 1984, then in 1992 George Bush Senior pushed the NAFTA agreement through congress.

[trailmix]

Wallstreet helped destroy the middle class.

[Kyle-gu]

The pie got bigger, fewer people got a slice of it

[farginargle]

when people are asked what is the most important issue we face they are given a list of choices, among which is the economy. This is not the right word. The word is INCOME!

[JohnKeklak]

How have we allowed politicians to insult our intelligence for so long?

[Aloneagainofcourse]

I'm 73. I saw it. I lived it. We all discussed it. Nobody listened.

[moonjur]

ranked choice voting would be so beneficial to the people. with our current system a third party could never be voted into the presidency

[joeuscanga]

Greenspan: The US has the highest standards of living in the world.
Bernie Sanders: No we don't !

[katehall]

13:01 That's the "Walmart Effect" worked on small towns across the country. A Walmart opens, local businesses in that town & towns all around go bankrupt. Then, the store that opened becomes a backwater whose stock deliveries are the leftovers & unsaleable overstocks Walmart can't sell in high-population-area stores. Then DollarTree, DollarGeneral, or FamilyDollar opens up.

[oneofus]

"not playing by the rules of the game" that's the neoliberals problem, everyone "playing" the economy "like a game" rather than the center piece of our lives. garbage

[misspat]

I’m an oldest millennial (class of 2000, baby!). We were lied to our whole lives and have figured that out. And we are ticked off. Our kids, who are starting to hit the job market, have watched us struggle and suffer and have learned from that. Things are changing! 😤

[Haibing]

One thing that wasn't explained here, Neoliberalism wasn't implemented around the world, it was imposed. It started with the coup in Chile and continued with extortion through the IMF and similar international organizations.

[ggris]

STOP EXPERIMENTING WITH THE LIVES OF AMERICANS. People need to jobs to produce income. Being ONLY a consumer is RIDICULOUS!

[joegug]

I’ve worked hard my whole life for 💩 wages and have watched the middle class disappear. I’m tired

[bjdefilippo]

I know what we were told, but the effects of NAFTA seemed clear and predictable, even at the time. There was a reason so many were protesting that and the WTO. I'm really glad that there's rethinking on the country's priorities and strategies.

[majl]

America is like the Titanic. Too big to turn, too slow to react, in denial about sinking, and there aren't enough life boats for everyone.