Biden: The ‘Capitalist’ Who Isn’t

By Jon Hersey

Editor’s note: This article was originally published at Foundation for Economic Education.

On May 27, during a speech in Ohio, President Joe Biden told listeners, “I’m a capitalist,” but “the basic bargain in this country has been broken.” “Since 1979,” he said, “productivity has grown four times faster than pay has grown.” It used to be that

if you work …