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Some meta-commentary on why this article is important. It kills the wishful belief that 2-of-3 coalitions are still possible right now. In 2016, capitalist (C) and working classes (W) allied to hand professional elite class (P) a bloody nose. C+W>P triangle inequality.
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This (excellent) article doing the rounds is basically the wonky economics version of the premium mediocre argument americanaffairsjournal.org/2019/11/the-re
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Wishful thinking 2020 scenarios: W+P>C (A New Hope, Warren, Sanders, Biden) C+P>W (Bloomberg, Harris.... Empire Strikes Back, ) W+C>P (Trump re-elected) None of these work, so likely outcome is incumbency win for Trump.
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Except P is so down for the count and battered it doesn’t even make for a good punching bag for resentment and scapegoating anymore. I think it will still win, but via Trump return. There isn’t enough energy or reason to switch to a new version of the same state.