I assume that was also your point. I think it’d be helpful if finance folks were less indirect in discussing inequality, since it’s driving our economic policies and politics.

Doesn’t your chart answer and contradict the basis of your question? 90% of Americans have far less of the wealth pie than ever. Wealth is relative, not just to inflation.

Reaganism - market liberalism without restraint or populism and incitement of race prejudice - is surely what helped get us to this moment. It is an unappealing dream to believe that the democratic future is fundamentally “unpopulist”. Abundance must be populist to work as a re-democratizing force.

What Wood ignores of the past is that the consensus was forged on New Deal style social welfare principles that *restrained* market liberalism’s most egregious effects - econ populism. What Wood ignores now is that the billionaire class aligns with the antiliberal Republicans. Reaganism is no answer

“With Trump provocatively sending troops into blue cities, and using recision and the shutdown to claw back congressionally appropriated funds from blue states, it’s time to turn the tables on him.” By @clarajeffery.bsky.social

www.motherjones.com/politics/202...

Interesting convo following Coates’ incisive piece. Coates effectively decentered the lens through which Ezra views the relevant history. While I disagree with his tentative musings on the how of it, I also appreciate Ezra’s central point that we (the left, broadly construed) need to win.

I feel like I'm losing my mind. Here is the transcript of what Zohran Mamdani actually said about the phrase "globalize the intifada." This is his "refusal to disavow it." This is what has people terrified. Just fucking read it.

Source: podscripts.co/podcasts/the...

staffers are still cleaning up the Kristi Noem mess after she got gutted/filleted by @chrismurphyct.bsky.social

this is A MOMENT. #MustWatch

🧢 @trumpfile.org

NEW: PublicSquare, a website that lets you search for businesses in your community that explicitly want you to know they endorse Trump/MAGA values, is backfiring as people use it to boycott those businesses. www.huffpost.com/entry/public...

Civil lawsuits please

This is an obvious point, but cannot overstated. There is an enormous difference between deporting someone - where they get off a plane as a free citizen in their home country AND FUNNELING THEM INTO A BRUTAL PRISON FROM WHICH THEY HAVE NO CHANCE OF EVER EMERGING!!!

The fact that Never Trumpers are better defenders of liberalism and democratic protest than these “centrist” Dems says a lot about why/how our party has failed. Please have the humility to exit the stage and let others lead the resistance and the rebuilding.

Made in El Salvador BOYCOTT:

Who wants to own a piece of that? Jeez

Mr Lander, what are you doing to get more name recognition and support in the outer boroughs? Please re-double your efforts. Cuomo must not win the primary.

Any plans to talk to *small* business/landlords in Queens/Bklyn about your plans for property tax reform?

Delusional

Lots of people are standing up for him, just not Dem leadership. Need to change that fast.

Fair point about importance of media environment, but you go too far. Citizens United is terrible for democracy too. It’s silly to suggest otherwise.

How will we get lower effective rates if global investors start fleeing T-bonds? Auctions demanding more yield. Fed can lower rates and if demand dries up buy T-bonds for awhile I suppose, but not forever.

There are plenty of disagreements on this site, because the center/left is broad. Dems would have been/be more effective, if more ideologically sympatico. Have you seen the debates about abundance, man?

"He took his case to Europe. For closed-door meetings with EU’s heavy hitters. Japan was in the room too, listening closely.
The pitch was simple: if Trump went too far with tariffs, Canada would start offloading Treasury bonds.
A slow, steady bleed...."

deanblundell.substack.com/p/carneys-ch...

I just listened to Morgan Housel’s recent podcast episode on tariffs, which helped stiffen my resolve to stay put for now. What he didn’t address though is the breakdown in the rule of law, which figures highly in my feelings of doom.

What if it’s not a normal recession? Same advice if we end up in a global depression? Serious question. I’d agree with you about the former but not the latter. In the latter case, market is underestimating risks by a lot. Shoulda done what Buffet did, but was trying to be behaviorally responsible.

You and Golden are enabling this administration. Appeasement is a foolish strategy.