AMERICASElection 2020OPINIONPOLITICS

Joe Biden and the end of the Trumpian dystopia

According to the Pew Research Center, the middle class (with an annual income of $ 73,400) would no longer be the dominant population segment in today’s American society, suffering a slow but progressive decline in the last 4 decades. Thus, according to the Pew, in 1971, the middle class represented 61% of the population (about 80 million inhabitants) while today it would not reach the 50% (49.9%) bar due to the crisis of the Subprime, bursting of the housing bubble and subsequent stock market crash of 2008. It should be noted that among the “losers of the crisis”, in addition to African-Americans and Latinos, indebted university students and white adults over 45 years of age appear without university studies and with low value-added jobs that, after being enrolled in the ranks of the unemployed, would have ended up plunged into an explosive circle of depression, alcoholism, drug addiction and suicide after seeing the blackbird disappear from the “American dream”, which would have had the disaffection as a side effect of these segments of the white population with respect to the traditional Democratic and Republican establishment.

Thus, according to an NBC survey, 54% of the white population would be “angry with the system,” compared to 43% of Latinos and 33% of African Americans who continue to trust the American dream, which would have led White voters to support politically incorrect positions and refractory to the dictates of Donald Trump’s traditional republican establishment, symbolized by the support of outraged whites over 45 years of age for Trump and of the neo-Nazi and white supremacist parties that continue to control the spheres of power of “deep America”.

Joe Biden and the end of the Trumpian dystopia

The theory of the Black Swan was developed by Nicholas Taleb in his book “The Black Swan (2010) in which he tries to explain” the psychological biases that make people individually and collectively blind to uncertainty and unaware of the massive role of the strange event in historical matters ”, which would explain Trump’s initial frivolization of the coronavirus and his delay in adopting surgical measures in the main centers of transmission of the coronavirus in the United States.

This could lead to a true pandemic with its consequent side effects in the form of a trickle of the dead, the collapse of medical services, the paralysis of productive activity and the recession of the US economy with a stratospheric increase in unemployment (from 3.5 Current% up to 20%). which could dilute the beneficial effects of Donald Trump’s economic policy and cause the disaffection of the population segment of his voters (40% of the electorate) in the upcoming November Presidential elections, which will lead to the victory of the Democratic candidate Joe Biden.

Thus, the traumatic shock that the foreseeable pandemic of the coronavirus will generate in American society and the subsequent entry into recession of its economy will force a profound catharsis and metanoia of society as a whole that will make it review the foundations that support it.

The metanoia would be to transform the mind to adopt a new way of thinking, with new ideas, new knowledge and an entirely new attitude in the face of the emergence of the new pandemic scenario, which will imply the double connotation of physical movement (retracing the path followed) and psychological ( change of mentality after discarding the old prevailing stereotypes). This will have as beneficial effects the rediscovery of values such as respect for the environment, solidarity and equal rights in a new stage that will lead to the implementation of new renewable energy, basic income, unemployment benefits as well as healthcare universal public, stage that will be piloted by the democratic candidate Joe Biden that will proceed to the reissue of the “New Deal” Rooseveltiano.

Joe Biden and the Rooseveltian “New Deal”

According to an article in the Canadian publication Global Research, 47.8 million Americans would live below the poverty line and should use food stamps (SNAPs) to meet their food needs, which translates into an increase of 70 percent since 2008 due to the high unemployment and poverty rate that would have been rampant for the Latino and African American minorities (since the start of the recession in 2008, 28.2 million people signed up for SNAP and some 10 million children would live in extreme poverty, according to this publication), figures that will rise to the umpteenth power after the entry into recession of the US economy in 2021.

Consequently, after the US economy entered into recession with a stratospheric increase in unemployment (from the current 3.5% to 20%), Biden will proceed to the Reissue of the “New Deal” implemented by Franklin D. Roosevelt (1933 -1938) with the unequivocal objective of favoring the most unprotected layers of the population, the unavoidable reform of the financial markets and the implementation of Keynesian measures to alleviate the stratospheric increase in unemployment rates.
Likewise, Joe Biden will proceed to recover the spirit of the Kennedy “New Frontier” that will be reflected in social policies such as allocating huge federal funds for the Improvement of Education, to the Expansion of Public Health Coverage and the expansion of coverage from unemployment to the new unemployed as well as the approval of a new Immigration Bill, a project that would seek greater equality and protection of civil and labor rights for both those born in the country and those who obtain the right of residence, recalling the “Law on Immigration and Nationality” promoted by Edward Kennedy (1965).

Likewise, it will apply Keynesian measures as a balm in the face of the economic crisis, such as the Increase in Public Works to revitalize the obsolete US infrastructure, the implementation of the High-Speed Train for passengers and goods, substitution of fossil energy for new renewable energy, specialization programs for unemployed workers, housing and aid to areas affected by the economic depression, rise in the minimum wage, unemployment benefit coupled with a significant reduction in taxes on the middle classes to promote domestic consumption (one of the traditional engines of the US economy since it represents more than half of the country’s GDP) and the so-called Buffet Tax for large fortunes, measures that will symbolize the arrival of utopia in the US of the post-coronavirus.

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Germán Gorráiz López

Germán Gorráiz López is a political analyst writing on economic and geopolitical issues. His articles appear in a number of publications in Europe and the United States.

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