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America’s Transition from Democracy?

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Add to Bookmarks US President Donald Trump’s divisive rhetoric and disregard for democratic norms were on vivid display in the recent chaotic presidential debate, leaving few in any doubt as to the stakes involved in America’s November 3 election. But if Democratic nominee Joe Biden wins, will he be able to foster an inclusive economic recovery and start restoring trust and social solidarity? In this Big Picture, Nobel laureate economist Edmund S. Phelps delivers a stinging critique of Trump’s economic record, and argues that Biden, if elected, would be far more responsive to the fears and aspirations of

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US President Donald Trump’s divisive rhetoric and disregard for democratic norms were on vivid display in the recent chaotic presidential debate, leaving few in any doubt as to the stakes involved in America’s November 3 election. But if Democratic nominee Joe Biden wins, will he be able to foster an inclusive economic recovery and start restoring trust and social solidarity?

In this Big Picture, Nobel laureate economist Edmund S. Phelps delivers a stinging critique of Trump’s economic record, and argues that Biden, if elected, would be far more responsive to the fears and aspirations of low-paid workers. Similarly, New York University’s Nouriel Roubini thinks a Biden administration would continue the long-standing pattern according to which Democratic...

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