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 yetWTO warns about fragmentation of global trade into allied blocsSubscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen TurnerRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.