Joe Biden’s effort to remake the economy is ambitious, risky—and selfish

But America’s plan to spend $2trn could help save the planet


  • by
  • 02 2, 2023
  • in Leaders

the wheel of an electric vehicle made in Detroit and drive south. The outline of a city that was once a byword for industrial decline fades in the rear-view mirror. Head into Ohio, where the battery under your feet was made. The semiconductors that regulate its charging speed were made there too, in a vast new factory that counts the Pentagon among its biggest customers. Recharge with electricity transmitted from one of West Virginia’s new nuclear plants, then start the long journey into the heartlands. After the endless wind farms of Kansas, you drive through Oklahoma’s vast solar fields, then loop back to the gulf coast. The trip ends by the water, the bright sun glinting off a spanking-new green-hydrogen plant.This is America in 2033, if the has its way. In the past two years Congress has passed three bills, on infrastructure, semiconductor chips and greenery, that will make $2trn available to reshape the . The idea is that, with government action, America can reindustrialise itself, bolster national security, revive left-behind places, cheer up blue-collar workers and dramatically reduce its carbon emissions all at the same time. It is the country’s most ambitious and industrial policy for many decades. In a series of articles beginning this week, will be assessing President Joe Biden’s giant bet on transforming America.

  • Source Joe Biden’s effort to remake the economy is ambitious, risky—and selfish
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