It’s not the economy, stupid. Voters blame Biden for inequality
It would be unfair to blame Biden alone for imbalances that have been widening for decades, but it is also short-sighted to suggest, as many have, that his main challenge is to sell the good news harder.
A key question still looming over the US election is why voters give Joe Biden so little credit for an apparently robust economic recovery. Many observers dismiss this as a “vibecession” – a case of bad “vibes” created by partisan media and divorced from reality – with only occasional apologies for how condescending this sounds.
While it is a fact that the US economy has of late been growing at a relatively rapid pace, normal people don’t live for quarterly GDP numbers, and their loss of faith in the system is a generational story.
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Financial Times
Ruchir Sharma is a writer and investor, and the author of four books, including most recently "The 10 Rules of Successful Nations". He is chairman of Rockefeller International.
