Elected President Biden will spend 2021 returning America to what he sees as a normal time, while President Trump tries to lock in control of the IDP – all at a time when misinformation and alternative narratives are getting worse.
- Here are five of the biggest storylines according to Axios experts, it will shape America next year – from politics to business, technology and media.
Biden is going to be ” a man on a small, lonely island trying to unite the country ”, and trying to restore civilization and return to normal in an America where that is no longer possible, Axios’ Margaret Talev reported.
- ‘I think the only thing he really controls is himself, and that is [why] he will try to use the bully chair. ‘
President Trump’s expected announcement that he would run for president again in 2024 would allow him to “freeze the Republican Party in his place.” Axios’ Jonathan Swan reported. The timing is not at hand, but if it does, “he will try to control the Republican National Committee … and he’s going to try to bump up the prospective Republican 2024 field.”
- And to the Republicans who want to run themselves in 2024 and hope that Trump will walk to the sunset: “He does not.”
The rise of alternative universes is on course to get worse, for Axios is Sara Fischer. “The information economy certainly benefits speed and scale, as well as hyperbole. It does not benefit facts and moderate reporting.”
- “I think there were a lot of people who incited reality, including the president. If you want to convey a message, it’s actually easier to do that and get more involved by being kind of hyperbolic and being untrue than it’s true. ‘
If there is real movement to the detriment of the power of Big Tech, they come from the regulatory agencies – such as the Department of Justice or the Federal Trade Commission – rather than from Congress, Axios’s Ina Fried report.
- Yes, but: “Technology firms generally move faster than regulatory agencies, even if the regulatory agencies are actively investigating. This is not a good forecast for change.”
The Federal Reserve “created this environment where there is no such thing as risk”, but it can not go on forever and Wall Street knows it, for Axios and Dion Rabouin.
- ‘It’s the economy that believes well’ … The nuts and bolts of buyers and sellers, of the market, of creating products and selling things are not going well at all. But the Fed has just said if the stock market goes down, we’ll be here with our fake funny money. ‘