'Bidenomics' is a big hit — outside the US
www.politico.com
The president's signature climate law, with its massive subsidies and push for domestic manufacturing, has leaders across the UK, Australia and Europe scrambling to follow suit. But American voters seem unimpressed.

"The mammoth climate law that serves as the linchpin of President Joe Biden’s economics program has ignited a new zeal among leaders around the world for the kind of winner-picking, subsidy-flush governing that has been out of fashion in many countries for the past 40 years.”

“The Inflation Reduction Act’s mix of lavish support for clean energy technologies and efforts to box out foreign competitors is also promoting a kind of green patriotism — and even some politicians on the right, at least outside the U.S., say that’s a climate message they can sell.”

    • angstylittlecatboy@reddthat.comEnglish
      1·
      10 months ago

      That’s how the EU operates. And frankly, if “the US” means “Americans” and not “the government and the rich” that’s good policy if you ask me.

      We wouldn’t see so much tech regulation in the EU if the EU had anywhere near the amount of tech giants as the USA.