It has become conventional wisdom in the waning days of Biden’s presidency to say that America has launched a new era in economics. Concepts like industrial policy, trade protectionism, antitrust enforcement and child subsidies — all once verboten during the …
How BlackRock ditched the Democrats
A year into the Biden Administration, the asset management group BlackRock appeared to recognise what other financial institutions had missed: the shift to a “new investment order”. Covid-era fiscal stimulus, wrote a panel of the firm’s executives, was here to …