it is Mr. Biden’s reinvigoration of the government’s role as the nation’s most important investor that may endure as a turning point in the nation’s political and economic history.

Investments, like saplings, do not yield immediate fruit, and Mr. Biden has struggled to generate public enthusiasm for these long-term strategies.

  • 800XL@lemmy.world
    link
    fedilink
    arrow-up
    5
    arrow-down
    2
    ·
    6 months ago

    It’s because the American economy is fueled by short term gains for the sake of politics. What’s actually good in the longterm is bad for the small groups that stand to lose the most.

    • Semi-Hemi-Demigod@kbin.social
      link
      fedilink
      arrow-up
      6
      arrow-down
      5
      ·
      edit-2
      6 months ago

      The US is a corporate oligarchy propped up by a priesthood of politicians, lawyers, and economists.

      Why do you think important government buildings look like temples? Why do they all wear priestly vestments and adornments? Why do you think the House has a magic stick?

      • 800XL@lemmy.world
        link
        fedilink
        arrow-up
        2
        arrow-down
        1
        ·
        6 months ago

        From the wikipedia article it says it was used by the sergeant-at-arms to retain order, and that those who ignored it would be arrested. Ceremonial in the fact that it was once used as a weapon long before as a way to whow authority.

        But yea it’s always been for the rich.