President Biden and the G7 Launch Build Back Better World

Photo from the New York Times

Again in the internationalist tradition of the Franklin Roosevelt and Harry Truman Administrations, President Joe Biden, in a move to counter China's global infrastructure Belt and Road Initiative, has convinced the Democratic nations of the G7 to launch the Build Back Better World Program.

Nicknamed  B3W, this plan is the international version of the Biden/Harris plan to rebuild and modernize the United States.

In a White House Fact Sheet, the Administration stated:

"President Biden and G7 partners agreed to launch the bold new global infrastructure initiative Build Back Better World (B3W), a values-driven, high-standard, and transparent infrastructure partnership led by major democracies to help narrow the $40+ trillion infrastructure need in the developing world, which has been exacerbated by the COVID-19 pandemic.

Through B3W, the G7 and other like-minded partners with coordinate in mobilizing private-sector capital in four areas of focus—climate, health and health security, digital technology, and gender equity and equality—with catalytic investments from our respective development finance institutions.

B3W will be global in scope, from Latin America and the Caribbean to Africa to the Indo-Pacific. Different G7 partners will have different geographic orientations, but the sum of the initiative will cover low- and middle-income countries across the world."

Coupled with the Biden and other G7 initiatives to donate one billion COVID 19 vaccines to the developing world, the Democracies of the world are telling China that they will not lay down and cede the world to them.

It would be very beneficial to the American People if the Biden/Harris Administration's domestic and international infrastructure programs both move forward.

The former Third World is going to be getting a lot more progressive-liberal attention in the next few years.

As long as Americans are properly taken care of (and remember foreign assistance is about one percent of the national budget,) it is about time.