In order to be effective, abundance policy must benefit and build power for working- and middle-class Americans—rather than enriching and empowering concentrated economic interests and generating populist backlash that undermines democracy.
A proposed wealth tax on Canada’s richest 0.6% could raise hundreds of billions of dollars — enough to tackle housing, transit, and care. The sheer scale of what a tiny slice of billionaire wealth could fund is staggering.
Building a progressive populist movement requires Democrats to talk about Wall Street, which most are reluctant to do. If they’re going to benefit from the public’s anti-oligarch turn, however, they’re going to have Bernie-fy themselves.
Labor historians should be particularly concerned about Trump’s misuse of tariff history because his tariff policies remain popular with many working-class voters and labor union leaders despite the recent economic meltdown they have caused.
It’s coming, and we know approximately when. The economy contracted by 0.3 percent, and imports have contracted. Tariffs of 145 percent on China are a trade embargo for many sectors. China’s retaliatory measures are an embargo in the other direction.
The closest thing we have to a Trump economic spokesman is Elon Musk, who sees dead people collecting Social Security. And here’s the thing: while there’s still a dwindling Musk/Tesla cult, to a first approximation everyone else hates Elon.
The Trump campaign has portrayed the Vice-President’s father as a Marxist. He insists he’s been caricatured.
Despite these detractors’ claims, a new polling survey commissioned by More Perfect Union and provided exclusively to the Prospect finds that the populist messaging Harris has leaned into is good politics.
Leopold’s new book offers a closer and more detailed look at how wealth extraction occurs, how workers bear the brunt of it, and how this dynamic challenges our political organizing efforts by labor unions and other progressive change organizations.
More than 100 economists including Thomas Piketty and Jayati Ghosh publish open letter ahead of country’s 19 November election
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