“Now, look, I’m a proud capitalist...I know America can’t succeed unless American business succeeds.
“But let me be very clear: Capitalism without competition isn’t capitalism; it’s exploitation. Without healthy competition, big players can change and charge whatever they want and treat you however they want. And for too many Americans, that means accepting a bad deal for things that can’t go — you can’t go without.”
President Joseph R. Biden, Jr. speaking at the White House on July 9, 2021
Last Friday, President Biden, with great fanfare, signed an executive order that defines his vision for our economy moving forward into the second decade of the 21st Century. The first two decades brought fundamental expectancies in a terrorist attack, a financial melt-down, never-ending wars, and a global pandemic not seen for a century. The change in direction of the American economy roadmaped in the executive order will be as striking as the afore events but will be a forward-looking industrial policy. This executive order and the Biden/Harris Administration’s infrastructure plan, if successfully implemented, will reimagine the “American Dream” for decades and serve as the lasting face of the United States in the global economy.
Or, is it a pipedream?
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