Analyzing Biden’s landmark economic framework.
The Roosevelt Rundown features our top stories of the week.
View this in your browser and share with your friends. ([link removed])
[link removed]
** A Distinctly Post-Neoliberal Shift
------------------------------------------------------------
The Indo-Pacific Economic Framework for Prosperity (IPEF), announced by the Biden administration this week, is not like international agreements of years past.
“For the past 40 years, international agreements have been governed by what is known as the Washington Consensus, in which international policymakers privileged trade openness and volume above all,” Roosevelt’s Steph Sterling writes ([link removed]) .
IPEF, which will initially include 12 other countries, marks a distinctly post-neoliberal shift—an acknowledgment that markets alone can’t solve our collective problems.
The agreement builds on last year’s Cornwall Consensus, proposed by the G7 Economic Resilience Panel ([link removed]) that Roosevelt President and CEO Felicia Wong served on last year.
And it will use “the power of international agreements to create shared, high-road labor standards; commitments on clean energy and decarbonization targets; systems to build more resilient global supply chains; and a shared approach to corporate tax and anti-corruption regimes,” Sterling explains.
Read more in “The Indo-Pacific Economic Framework for Prosperity (IPEF): Another Nail in the Coffin of the Washington Consensus.” ([link removed])
** Power Struggle
------------------------------------------------------------
“Electric utilities used to be ‘the most boring sector on Wall Street,’” Roosevelt’s Niko Lusiani tweeted ([link removed]) this week.
“I was surprised to find just how much IOUs [investor-owned utilities] have chosen to pass on earnings to already-wealthy shareholders—at the cost of reinvesting in more resilient, affordable, just, and zero-carbon electricity.”
Learn more about Lusiani’s findings in his new issue brief, “Power Struggle: How Shareholder Primacy in the Electrical Utility Sector Is Holding Back an Affordable and Just Energy Transition.” ([link removed])
And stay tuned for more in the “All Economic Policy Is Climate Policy” series ([link removed]) in the coming weeks.
** Join the Conversation
------------------------------------------------------------
From a distinctly American industrial policy to expansive fiscal policy, and from whole-of-government competition policy to worker-centered trade policy, the Biden administration is writing new rules for the 21st century economy.
Next Thursday, June 2, at 11 am, join Biden economic advisors and Roosevelt experts for a discussion of these new rules and the worldview that has shaped the Biden administration’s policy choices.
In conversation:
* Bharat Ramamurti, Deputy Director, National Economic Council
* Ben Harris, Assistant Secretary for Economic Policy, Department of the Treasury
* Felicia Wong, President and CEO, Roosevelt Institute
* Mike Konczal (moderator), Director of Macroeconomic Analysis, Roosevelt Institute
Learn more and register now. ([link removed])
** What We’re Reading and Listening To
------------------------------------------------------------
In the US, Backlash to Civil Rights Era Made Guns a Political Third Rail ([link removed]) - New York Times
Amazon and Starbucks Aren’t Listening to Their Workers ([link removed]) - Bloomberg Law
New Paper Finds Monopolies Contribute to Inflation ([link removed]) - Axios
How Jack Welch’s Reign at GE Gave Us Elon Musk’s Twitter Feed ([link removed]) - New York Times
[Roosevelt’s] Lauren Melodia and Kristina Karlsson on Energy Inflation and How to Tame It ([link removed]) - Volts [podcast]
Who Would Benefit the Most from Student Debt Relief? [feat. Roosevelt’s Felicia Wong] ([link removed]) - Marketplace
============================================================
** Twitter ([link removed])
** Facebook ([link removed])
** Vimeo ([link removed])
** Website ([link removed])
If you are interested in supporting the Roosevelt Institute, ** click here ([link removed])
.
Copyright © 2022 Roosevelt Institute, All rights reserved.
** RooseveltInstitute.org ([link removed])
570 Lexington Ave, 5th Floor
New York, NY 10022
Want to change how you receive these emails?
You can ** update your preferences ([link removed])
or ** unsubscribe from this list ([link removed])
.
