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polistra's avatar

The most important economic difference is the stock market Before 1980, Wall Street was a secondary player, helping to improve industrial production. After 1980, Wall Street was the sole master of economics and politics and culture, devoted to bombing all of America down to bedrock. The tech tyrants like Andreesen love the market as it is now, and continue to defend it with the old myths. They're lying.

The simplest solution is to restore ALL of the New Deal's laws and restrictions on banking and trading and monopolies, restore the tariff structure of the 30s, and enforce ALL.of it ferociously. The Biden admin made a substantial start in this direction, but now it will go away.

Greg Kemnitz's avatar

One point that's overlooked in many of these discussions is the Democrats need to figure out how to restore the effectiveness of the bureaucracy, including accountability (more dismissal, less shuffling off to another department) for laziness, incompetence, and general uselessness, as well as corruption or misdeeds. As the party of the bureaucracy - and the favorite of government unions - the Democrats get the blame for bureaucratic inefficiency and bloat, at all levels of government.

It doesn't help that many large "blue cities" are poster children for awful government, as Noah Smith mentions. Universities and other levels of education are similarly bureaucratically bloated.

It does little good to advocate for bureaucrat-heavy policies if there's an unacknowledged reality that the bureaucracy is overly expensive and ineffective in implementing the policies we do have, and that new, "strong government" policies will generate new offices full of yet more useless time-servers.

A "MAGA Left" needs to focus not only on what it wants new government roles to be, but how to make the government we have more effective.

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