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Biden to the Rescue?

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Add to Bookmarks In his January 20 inaugural address, US President Joe Biden called for unity following America’s turbulent and occasionally violent transition, acknowledging the country has “much to repair, much to restore, much to heal.” But how can Biden prevent a revival of Trumpism at home and restore the United States’ standing with its partners and allies? In this Big Picture, Nobel laureate economist Joseph E. Stiglitz cautions that overcoming the longstanding problems that gave rise to Donald Trump’s toxic presidency – not least rampant inequality – will require more than what one president can

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In his January 20 inaugural address, US President Joe Biden called for unity following America’s turbulent and occasionally violent transition, acknowledging the country has “much to repair, much to restore, much to heal.” But how can Biden prevent a revival of Trumpism at home and restore the United States’ standing with its partners and allies?

In this Big Picture, Nobel laureate economist Joseph E. Stiglitz cautions that overcoming the longstanding problems that gave rise to Donald Trump’s toxic presidency – not least rampant inequality – will require more than what one president can accomplish in a single presidential term. But among the most urgent priorities, argues MIT’s Daron Acemoglu, is to acknowledge the weaknesses of America’s democratic institutions, most of which have been failing and are in desperate need of repair and reform.

But America’s economic institutions also are failing, and 

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