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President Joe Biden and the capitalist narrative | Ticker VIEWS

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US President Joe Biden is redefining American capitalism with sweeping new legislation. Opinion piece by Bruce Wolpe

The big news last week was the near-completion of the US withdrawal from Afghanistan. The response to Russia-based cyber attacks on American infrastructure and businesses also made headlines.

THE LATEST ON WHAT’S HAPPENING WITH THE U.S PRESIDENT

President Biden met with civil rights leaders to discuss advancing the prospects of legislation to protect the most fundamental right in a democracy: the right to vote.

But in an 18-minute event in the White House on Friday, with leaders from his Cabinet and top regulatory agencies present, President Biden laid out what are perhaps the most sweeping initiatives in a century.

The changes aimed redefine the rules of the road for America’s economy by promoting competition across American business, enterprise and services.

Lower prices, and increased wages

Biden signed an Executive order outlining 72 initiatives that would, in his words, “Lower prices, to increase wages, and to take another critical step toward an economy that works for everybody.”

Biden gave marching orders to all the affected agencies of government to examine the state of commerce and consumer protection in their jurisdiction. The orders will also promote competition and benefits for working people and consumers.

Biden invoked both Roosevelt Presidents, who both established the framework of the antitrust laws in the United State and reformed American capitalism to save the country during the Great Depression.

“Without healthy competition, big players can change and charge whatever they want and treat you however they want.  And for too many Americans, that means accepting a bad deal for things that you can’t go without,” said the president.

“Let me be very clear: Capitalism without competition isn’t capitalism; it’s exploitation.”

Us president joe biden

The Biden initiative addresses health care such as prescription drug prices and internet access 

It will also address pricing, interstate labor mobility, transport prices and fees, bank mergers and more opportunities for small farmers.

On Big Tech, Biden gave explicit direction to the Federal Trade Commission to address competition issues in the sector.

This program breaks with past practice. Under President Obama, far-reaching economic sand policy reform was central. Especially the passage of Obamacare, Wall Street reform, and trying to enact sweeping energy and climate legislation. 

This is broader and deeper: a mandate to all the arms of the government to act now – early in this presidency – to implement policy reforms that will drive more competitiveness. 

“Fair competition is was what made America the wealthiest, most innovative nation in history.  That’s why people come here to invent things and start new businesses.”

President joe Biden

“In the competition against China and other nations of the 21st century, let’s show that American democracy and the American people can truly out-compete anyone. Because I know that just given half a chance, the American people will never, ever, ever let their country down. Imagine if we give everyone a full and fair chance. That’s what this is all about.”

Biden’s presidency is already marked by success on the pandemic and economic recovery. His programs for infrastructure, education, health care, child support are all in the balance in Congress right now. 

But these reforms to American capitalism will also define Biden’s legacy as president.

Read more by Bruce Wolpe on Ticker NEWS here.

Bruce Wolpe is a Ticker News US political contributor. He’s a Senior Fellow at the US Studies Centre and has worked with Democrats in Congress during President Barack Obama's first term, and on the staff of Prime Minister Julia Gillard. He has also served as the former PM's chief of staff.

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LIVE: U.S. bombs Iranian nuclear sites

Trump confirms U.S. B2 bombers targeted three Iranian nuclear sites.

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Trump confirms U.S. B2 bombers targeted three Iranian nuclear sites.


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President Trump confirms U.S. B2 bombers targeted three nuclear sites in Iran.

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Trump confirms U.S. strikes on Iran as Israel targets top Iranian leaders

Trump confirms U.S. strike on Iran’s nuclear sites amid rising tensions; Israel intensifies operations, Iran vows to continue enrichment, and Houthi militants threaten U.S. shipping.

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Trump confirms U.S. strike on Iran’s nuclear sites amid rising tensions; Israel intensifies operations, Iran vows to continue enrichment, and Houthi militants threaten U.S. shipping.


President Trump has confirmed that U.S. forces successfully struck three nuclear facilities in Iran – Fordow, Natanz, and Esfahan – with all aircraft safely exiting Iranian airspace. The mission, involving B-2 stealth bombers, comes amid rising tensions over Iran’s nuclear ambitions.

Meanwhile, Israel has intensified its military operations, killing three top Iranian military leaders and striking a major nuclear facility in Isfahan. The Israeli chief of staff warned the operation may lead to a prolonged and complex war.

Iran responded by vowing to continue uranium enrichment and said talks with the U.S. are off the table unless Israel halts its attacks. In a parallel move, Houthi militants threatened U.S. and commercial ships in the Red Sea if American strikes continue in support of Israel.

Adding to the volatility, an Iranian drone hit northern Israel, with the IDF confirming the incident—though no casualties were reported. The U.S. State Department is now organising flights to evacuate Americans from Israel.

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Trump announces U.S. strikes on Iran’s nuclear sites

Trump announces successful U.S. strikes on Iran’s nuclear sites, while Israel intensifies its military campaign against Iranian leadership.

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Trump announces successful U.S. strikes on Iran’s nuclear sites, while Israel intensifies its military campaign against Iranian leadership.

In Short:
President Trump announced U.S. strikes on three nuclear sites in Iran, confirming all aircraft left Iranian airspace after the operation. Meanwhile, Israel ramped up its military actions against Iran, leading to warnings from Iranian officials and Houthi militants regarding potential escalations.

President Trump announced on Saturday that the United States had successfully completed strikes on three nuclear sites in Iran: Fordow, Natanz, and Esfahan.

In a social media post, he confirmed all U.S. aircraft had exited Iranian airspace following the operation.

This military action was preceded by the deployment of stealth B-2 bombers from Missouri, capable of carrying the GBU-57 bunker buster, a powerful weapon considered effective against the Fordow uranium-enrichment facility.

Trump had earlier indicated to senior aides that he approved attack plans for Iran, awaiting Tehran’s decision on its nuclear program.

Meanwhile, Israel’s military intensified its operations against Iranian military leaders and nuclear sites, announcing the elimination of three senior Iranian figures and strikes on the Isfahan facility. Israel’s military chief warned of a potentially prolonged conflict, describing it as the nation’s most complex military undertaking.

In response, Iranian officials stated their refusal to halt uranium enrichment and indicated that negotiations with the U.S. would only occur if Israel ceased its attacks.

Additionally, the U.S. State Department announced the initiation of flights to facilitate the return of American citizens from Israel.

Houthi militants also issued a warning to target U.S. and commercial vessels in the Red Sea should American attacks in support of Israel commence.

Amidst this, an Iranian drone attack recently damaged a building in northern Israel, marking an acknowledged drone strike by the Israeli military during the ongoing conflict. No casualties were reported from the incident.

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