1. There's an argument going around, articulated most forcefully by @nytdavidbrooks, that now is not the time for the Democrats to embrace Sanders' social democratic agenda because the economy is growng.pic.twitter.com/UXbAvWWvlg
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4. The Great Depression skews people's memories, but it's important to understand the timing because it lasted so long: the Depression hit in 1929, bottomed out in 1932/33 -- thus doing FDR a favor by totally discrediting Hoover & the GOP.
5. FDR benefitted from the uspwing of 1934-1936 to start on reform. He then self-sabotaged by adopting austerity too soon (creating a mini-recession of 1937-1938). But larger reform agenda flourished again after wartime & post-war booms: the era of mass unionization & GI Bill
6. Aside from complex & special case of New Deal, periods of robust economic growth (early 20th century, 1960s) are the ones where progressive economy policy is most likely to succeed. People feel more secure, see wealth isn't being share & push for it.
7. The great recession of 2008 bottomed out in 2010. We've had 10 years of economic growth. Unemployment is low. Wages haven't kept up. There is an affordability crisis. Now is the best time to push for expanded social democracy since 1960s. More here:https://www.thenation.com/article/economy/democratic-socialism-economy-primary/ …
8. The above argument centers around Sanders because that was Brooks' target. But it also applies to Warren, who doesn't call herself a social democrat but is offering a nearly equally ambitious program of economic overhaul. It's one I think is sellable, more now than ever.
Also, it’s when the economy is supposedly robust that it becomes most clear that the system itself is broken and incapable of providing stability and long-term security to the working class.
If unemployment is low and GDP growth is steady and above-average, working people really despair when they realize they don’t benefit from good news.
I wrote this a year ago https://www.danablankenhorn.com/2019/05/human-capital-and-the-1980-game.html … Human capital is the gating factor to economic growth. Minds armed with the tools and incentives to think differently,. The more smart, enthusiastic, imaginative minds a country can harness, the faster its economy grows.
Exactly right!
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