How tech reform and infrastructure spending can shape the Biden administration’s future
- The inability to crack down on false information puts more pressure on Biden to enact policy that voters can easily see, like pandemic control and infrastructure
- Infrastructure spending can create jobs that will lift salaries and not require a college education, so Biden should push for larger commitments than are on offer now
In 1993, I watched my first coup. I was in Moscow. Rebels targeted two spots – the Russian White House and the TV broadcast centre, Ostankino. I had a sense of déjà vu watching the rebels storm the US Capitol last month, only this time Twitter mattered more than a TV tower.
This decision was applauded by many Democrats and condemned by Russian dissidents such as Alexei Navalny, whose anti-corruption movement depends on the same tools used to spread conspiracy theories in the US.
In terms of investing, I take away two points. First, President Joe Biden has 24 months – until the 2022 midterm elections – to demonstrate to 74 million Trump voters that following existing rules will produce meaningful improvements.
If Biden is unsuccessful, US democracy could be overthrown in 48 months. After all, Adolph Hitler did not succeed at first – 10 years elapsed between his beer hall putsch and becoming chancellor.
