Will Bidenomics help the US Democrats win another term in office? Will the policies be effective in tackling the climate crisis? Adam Posen, president of the Peterson Institute for International Economics, thinks not. In the last in our series on Bidenomics, he tells Gideon why offering incentives to private sector businesses is, in his view, a bad strategy.

Free links to read more on this topic:

John Kerry: Energy transition is the ‘new industrial revolution’

Adam Posen: ‘Russia and North Korea worked hard to be self-sufficient, it has not turned out well for them’

The west shouldn’t give up on ‘gentle commerce’ just yet

WTO warns about fragmentation of global trade into allied blocs

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Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner

Read a transcript of this episode on FT.com

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