A Biden economic appointee explains how a ‘true new deal’ plan uses 9 reforms to rebuild wealth for all Americans

A Biden economic appointee explains how a ‘true new deal’ plan uses 9 reforms to rebuild wealth for all Americans

Bharat Ramamurti is a member of the COVID-19 Congressional Oversight Commission.









Sarah Silbiger/Washington Post via AP pool















Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the "Pitchfork Economics" podcast with Nick Hanauer and David Goldstein.

In this week's episode, Hanauer spoke with Bharat Ramamurti, deputy director of the incoming Biden administration's National Economic Council who recently coauthored 'A True New Deal' that details a plan for inclusive economic recovery during the pandemic.

The plan promotes canceling student, housing, and medical debts, guaranteeing universal childcare, and restrengthening antitrust laws.

Ramamurti says the plan isn't about redistributing existing American wealth; it's about changing the patterns of wealth pre-distribution and ensuring that "every American creates wealth of their own."

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If we want to fundamentally repair the economy so it works for everyone, Nick Hanauer says at the beginning of the latest episode of Pitchfork Economics that we must fully recognize that "the neoliberal era was a disaster and that we need to, in deep structural and ambitious ways, replace