From my view it looks like the US optimized their political/economic system for the situation they where in just after WW2, when most other developed countries had been bombed quite a bit.
It sort of made sense then to focus so heavily on growth, they had an entire planet (not really, but a large portion) that would buy their stuff. Worring about income distribution seemed a bit unnessecary when there was so much growth that "everyone" gets a piece of the cake.
This really isn't the case anymore, but a large part (maybe even a majority) of americans still seem to think that growth is the most important factor when designing their economic system.
The new administration doesn't have a mandate to change this, Biden didn't win because he promised reform, he won because he promised to stop trump from dismantling american democracy. And he won with a really small margin.
While I generally argue that the american institutions are dysfunctional, I really wouldn't blame the current administration for not addressing the issue, not only do they not have the mandate, but their stated political ideology is "liberalism", not social democracy, so why would they want to?
It sort of made sense then to focus so heavily on growth, they had an entire planet (not really, but a large portion) that would buy their stuff. Worring about income distribution seemed a bit unnessecary when there was so much growth that "everyone" gets a piece of the cake.
This really isn't the case anymore, but a large part (maybe even a majority) of americans still seem to think that growth is the most important factor when designing their economic system.
The new administration doesn't have a mandate to change this, Biden didn't win because he promised reform, he won because he promised to stop trump from dismantling american democracy. And he won with a really small margin.
While I generally argue that the american institutions are dysfunctional, I really wouldn't blame the current administration for not addressing the issue, not only do they not have the mandate, but their stated political ideology is "liberalism", not social democracy, so why would they want to?