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Politics

The Biden Administration Just Declared the Death of Neoliberalism

https://nymag.com/intelligencer/2023/05/biden-just-declared-the-death-of-neoliberalism.html

In a speech at the Brookings Institution, Biden’s national security adviser detailed the tenets of a “new Washington consensus” in global economic policy, one that would encourage state direction of development instead of punishing it, strengthen labor standards instead of eroding them, sustain the climate instead of despoiling it, and reduce economic interdependence between rival powers instead of increasing it.

Sullivan’s rhetoric, and the policies undergirding it, represent a triumph for a certain contingent of progressive-policy intellectuals. Ideas that were once the exclusive property of iconoclastic academics and think-tank staffers are now official U.S. policy.
...
In Sullivan’s telling, that orthodoxy was premised on three flawed assumptions. One was that “markets always allocate capital productively and efficiently.” Another was that “all growth was good growth.” A third was ​​that “economic integration would make nations more responsible and open” and “the global order would be more peaceful and cooperative.”

In reality, the whims of markets and the imperatives of shared prosperity do not tightly align. Investors are reluctant to assume the risks necessary for midwifing nascent technologies. And they also fail to price the environmental impacts of commerce or the geopolitical risks of transnational supply chains.

All forms of growth, meanwhile, are not created equal. Gains in national income that derive from the expansion of a bloated financial sector and concentrate among the wealthy are not as valuable as those that arise from investment in the production of critical technologies spread equitably across the population.

Finally, integrating China into the global economic order did not liberalize its politics or temper its martial ambitions. To the contrary, the Chinese Communist Party has grown more authoritarian and geopolitically ambitious as its nation has grown wealthier and more economically integrated with the west.

Fucking excellent.

Five years ago they didn't even care about trans people one way or another. I'm sure specific people had problems with them but it was limited to individual bigotry.

This is all manufactured which is the most sad/scary part. It's top-down fear mongering, and it really works. People who laughed at Giuliani in a dress trying to make out with Donald Trump are now supporting public drag bans and making transitioning illegal.

Ruth's Chris Steak House was never that amazing. Their stores are supplied by Sysco and although it's the premium selection from Sysco that's the same tier that we used at Mac Grill or Maggianos. There wasn't any selection of meat going on, they literally would fill out a form for Sysco who would fulfill the order. The "Buyers" for the company just made deals with the big delivery companies instead of going out and finding stock.

While the executive chefs were paid reasonably well (Well, paid like they were early 00s kitchen managers instead of the '10-20 salary collapse in restaurants) the rank and file barely made more than they would at any family casual chain restaurant. IIRC Cheesecake factory paid far better in the Tampa area.

Similarly, service staff were not that much of a step up. As a Fridays bartender I was making more than a Ruth Chris bartender / server but my cash came from volume not individual tips. For my personality, that works out better because I absolutely need to be busy to stay out of trouble. Some people like the slower pace. You could compare them more to other casual restaurant servers than you could to a real upscale steakhouse (your Mortons, your Berns, etc. ).

In short, this is a lateral move that fits in with Dardens business.

you've made this into a sarcastic thing where people are stupid to think an 80 year old would be bad at their job, but we have tons of absolutely terrible 80 year old politicians way past their expiration, probably more than we have good 80 year old politicians. go on Google and start making a list of all the 80 year old American politicians and tell me if you're generally making a list of great statesmen or a list of really old guys past their expiration date who need to retire.

that's why it's expected by default of Biden too, who has to prove that he's the exception to the rule. I really, really don't think that politician age and progressive outcomes are positively correlated in this country, and it's not stupid to assume that this pattern would continue

Potable water taps in every* American home. 🚰🚰🚰🚰 Having lived for over a decade in places without potable water sources, this is the number 1 thing North Americans take for granted.

* subject to certain conditions, sorry Flint and every indigenous community in Canada 🚱🚱🚱🚱

No, he's supposed to be doing Dredd!

I saw the guy speak to congress a few months ago, and he was able to trade barbs and make his hecklers look like fools. Not exactly what I'd describe as the actions of someone with declining cognitive functions.

And all that said, Trump has sounded far more incoherent (and not just his normal stupidity) than Biden over the last few years.

Fuck that guy

The victim

Look, they can't do anything about anything, because of the rules (that they have the ability to change at any time)