‘It’s bold, yes, and we can get it done.” So declared President Joe Biden launching his $2tn plan last week to overhaul US infrastructure – ranging from fixing 20,000 miles of roads to remaking bridges, ports, water systems and “the care economy”, care now defined as part of the country’s infrastructure. Also included is a vast uplift in research spending on eliminating carbon emissions and on artificial intelligence. And up to another $2tn is to follow on childcare, education and healthcare, all hot on the heels of the $1.9tn “American Rescue Plan”, passed just three weeks ago.
Cumulatively, the scale is head-spinning. Historians and politicians are already comparing the ambition with Roosevelt’s New Deal or Lyndon Johnson’s Great Society programme. In British terms, it’s as though an incoming Labour government pledged to spend £500bn over the next decade with a focus on left-behind Britain in all its manifestations – real commitments to levelling up, racial equity, net zero and becoming a scientific superpower.
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