He isn’t trying to vindicate the Democratic Party. He’s trying to vindicate democracy.
. But the accusation is false. Biden is a capitalist, and his version of capitalism is stronger, fairer, and more popular than the Republican one.. He poked fun at the GOP’s warnings “that if I got elected, I’d bring the end to capitalism.” “Six months into my administration, the U.S. economy has experienced the highest economic growth rate in nearly 40 years,” he observed. “It turns out capitalism is alive and very well.
In Biden’s version of capitalism, workers don’t just compete with one another for jobs; employers have to compete with other employers for workers. Right now, due to a labor shortage, “Companies across the country are giving workers a raise,” he noted. He tweaked Republicans for complaining about this trend, as though it’s “a problem if big companies have actually to compete for workers and offer them a fair wage.
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