Joe Biden’s effort to remake the economy is ambitious, risky—and selfish
But America’s plan to spend $2trn could help save the planet

Get behind the wheel of an electric vehicle made in Detroit and drive south. The outline of a city that was once a byword for industrial decline fades in the rear-view mirror. Head into Ohio, where the battery under your feet was made. The semiconductors that regulate its charging speed were made there too, in a vast new factory that counts the Pentagon among its biggest customers. Recharge with electricity transmitted from one of West Virginia’s new nuclear plants, then start the long journey into the heartlands. After the endless wind farms of Kansas, you drive through Oklahoma’s vast solar fields, then loop back to the gulf coast. The trip ends by the water, the bright sun glinting off a spanking-new green-hydrogen plant.
This article appeared in the Leaders section of the print edition under the headline “Big, green and mean”
Leaders
February 4th 2023- Joe Biden’s effort to remake the economy is ambitious, risky—and selfish
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From the February 4th 2023 edition
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A fantastic start for Friedrich Merz
The incoming chancellor signals massive increases in defence and infrastructure spending

The lesson from Trump’s Ukrainian weapons freeze
And the grim choice facing Volodymyr Zelensky
Western leaders must seize the moment to make Europe safe
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The result? More money for the president’s boondoggles
Inheriting is becoming nearly as important as working
More wealth means more money for baby-boomers to pass on. That is dangerous for capitalism and society
Donald Trump has begun a mafia-like struggle for global power
But the new rules do not suit America