Noah Berlatsky

Mitt Romney bows to Trump, because that's what Republicans do

Editor’s note: The following first appeared in Everything Is Horrible, Noah’s newsletter.

Utah Senator Mitt Romney has been one of Trump’s most vocal GOP critics. He voted to convict Trump in his impeachment trial following the January 6 coup attempt. Since then, he’s called Trump a “demagogue” and a “whack job,” among other epithets. He’s made it clear that he thinks Trump is a danger to the Republican Party, a danger to the republic and a man who should never serve as president again.

So you’d think that Romney would be celebrating Trump’s conviction on 34 counts of falsifying business records, right? Romney thinks Trump is horrible. Here, he has been held accountable for one aspect of his horrifyingness. Three cheers from Romney!

Ha ha no.

Romney blames Biden for kowtowing to Trump

Instead of celebrating, Romney’s been wandering onto cable news sets and blustering about how the real problem here is not Trump’s criminality, but Biden refusing to tamper in the justice system to let the great orange asshole off the hook.

“If LBJ had been president, and he didn’t want something like this to happen, he’d have been all over that prosecutor saying, ‘You better not bring that forward or I’m gonna drive you out of office,’” Romney declared, arguing that Biden should have violated judicial independence and the principles of federalism to threaten a New York state prosecutor.

Romney then argued that Biden should have pardoned Trump for all federal charges, including charges for mishandling of top-secret documents and charges for masterminding a coup to overturn the election.

“You may disagree with this,” Romney said, perhaps dimly realizing that he sounded like a fook, “but had I been President Biden, when the Justice Department brought on indictments, I would have immediately pardoned him. I'd have pardoned President Trump. Why? Well, because it makes me, President Biden, the big guy and the person I pardoned a little guy.”

Of course, it wouldn’t have looked like Biden was the big guy. It would have looked like Biden was a corrupt s—thead who thinks the powerful should be above the law and is unwilling to fight fascism. It would have been a massive rebuke to Democratic partisans who want champions to fight fascists. Biden’s approval is low enough, but the one thing that could push it much lower is pardoning Donald Trump.

You don’t need to be a particularly perspicacious political observer to know that pardoning the guy who tried to overthrow the Constitution would be a bad idea. Romney, as he says, has been in politics for many years. He seems at other moments to understand the threat Trump poses. Why would he recommend that Biden do something so obviously foolish, corrupt and horrible?

Romney dons the red tie of shame

It’s telling that in the same interview, Romney talked about how the trial had been embarrassing for Republicans. Referencing the numerous GOP pols who had rushed to defend Trump in person in New York at the trial, Romney said, “I think it’s also demeaning for people to quite apparently try and run for vice president by donning a red tie and standing outside the courthouse. It's just — I'd have felt awkward.”

Romney would have had the grace to feel awkward about going to the courthouse to defend Trump. But I think, reading between the lines, it’s clear that he also feels awkward watching the Republicans debase themselves. He’s a Republican; he identifies with Republicans. He dislikes feeling that his party is composed of ridiculous sycophants, bounders and cringing toadies.

There’s cognitive dissonance there. Romney is a Republican and identifies with Republicans. Republicans are embarrassing themselves, which means Romney is embarrassed. How do you resolve that embarrassment?

One way would be to say, “Holy f—k, the GOP sucks. I’m getting out of this fascist dead end of a party.”

But Romney’s entire identity for decades has been built on being a Republican. Jettisoning that would come at enormous cost, both personally and professionally.

There is another option, though. Romney finds it embarrassing to identify with the GOP. But partisanship has two handles. It’s not just boosting your own party. It’s also attacking the other guys. Romney finds himself unable to praise his colleagues. But he can still attack the enemies of those colleagues, and so find himself (tenuously, but still) on the right side of his own identity again.

And so, he ties himself into knots to find some way to blame Biden for the fact that (a) Trump broke the law, and (b) the rest of the Republican Party has debased itself to defend Trump. The fact that Romney himself has debased himself — that he is, in fact, awkwardly donning a red tie to stand outside the courthouse and defend Trump — doesn’t occur to him, because the whole point of the exercise is to enable him to defend Trump, and be on the right side, without admitting to himself that that is what he’s doing.

The lure of GOP partisanship

Romney says he would feel awkward debasing himself, and then rushes to debase himself. It seems bizarre that anyone would do that. But it’s not bizarre. It’s partisanship.

Partisanship is the single most powerful force in politics. People identify strongly with their party (or sometimes against a party) and that determines how they vote and who they root for. More, partisanship is so powerful is often distorts people’s ability to assess reality and their own experiences.

Partisanship powerfully affects how people assess the economy, for example. When a Republican is in power, Republicans will almost always say that the economy is good; when a Democrat is in power, Republicans will almost always say the economy is bad. This is irrespective of economic indicators. (Democrats are affected by partisanship, too — though they are significantly less disconnected from reality than Republicans in evaluating the economy, according to a 2023 analysis.)

The GOP, locked in a rightwing media bubble, are more and more hyperpartisan. Donald Trump, the leader of the Republican Party, keeps doing more and more horrific and embarrassing shit. Republicans — even Republicans who don’t like Trump — are under intense psychological and communal pressure to try to find some way to be on the right side, no matter what Trump does. That’s why even supposedly rightwing anti-Trump Republicans like Romney will reach for virtually any anti-Biden talking point like a drowning man clutching a life raft.

Except, in this case, of course, Romney is drowning not in water, but in bullshit, and the life raft is an anvil, taking him where he wishes to go — the bottom.

The media dons the red tie

This dynamic doesn’t just affect Republicans. The supposedly neutral media tries to model itself on figures like Romney — supposedly good-faith centrists, who articulate conservative views while forswearing the excesses of Trumpism. But people like Romney and Maine Senator Susan Collins are extremely eager to shore up their Republican bona fides by saying ridiculous pro-Trump, or at least anti-Biden, s—t.

There’s a kind of partisanship of centrism, too, and so when important Centrist Thought Leaders like Romney say that Biden should have abused his authority to protect Trump — well, other Very Important Thinkers like say, Megan McArdle, will start to babble about “motivated prosecutions” to keep their both sides cred.

So, what’s to be done? Here, I think Romney actually has the right idea. He pointed out that those supporting Trump demeaned themselves, and he (mildly) mocked the way they all dressed in the same attire and looked ridiculous.

So when Romney goes ahead and demeans himself in the same way, we should all feel free to mock him (and not mildly.) Romney looked around for approval, vomited in his hat and then pulled that hat down low over his head so he could marinate in his own smelly effluvia. McArdle and many others did the same thing. We should laugh and point. Then we should go back to calling for Trump to resign his nomination and to stop embarrassing himself and the country.

Democrats, liberals and leftists are being way too cynical about Trump's conviction

Editor’s note: The following first appeared in Everything Is Horrible, Noah’s newsletter. –JS

Friday was a very bad day for Donald Trump. Bill Pruitt, a producer on Donald Trump’s reality TV show The Apprentice, published a piece accusing Trump of using the n-word to denigrate a finalist on the show -- and to justify not letting them win.

That was in the morning. By the afternoon, Trump was convicted by a jury of his peers on all 34 counts of falsifying business records related to hush money payments. Trump was covering up a sexual encounter with adult film star Stormy Daniels. He was worried that if the story came out it would cost him the 2016 election.

Both of these are huge, negative stories about Trump. Yet many Democrats, liberals and leftists on social media responded with cynicism. We already knew Trump was racist, many said. His hardcore supporters won’t care that he’s a convicted felon. Nothing matters. Nothing changes.

I think there are various incentives here. Cynicism plays well on social media; it makes you look wise and jaded, allows you to dunk on the more hopeful, and generally is designed to boost social media engagement and brand building.

When people take a stand, and insist that, yes, some things are right, and fascism is wrong — don’t leap to the keyboard to insist that their sacrifice (and it is always a sacrifice) doesn’t matter.

More charitably, I think people are often afraid to feel hope because they are afraid to have those hopes dashed. Insisting that nothing matters is a way to lower one’s own expectations, to keep oneself from feeling too optimistic. You don’t want to feel happy, because you can’t stand to feel the disappointment as America fails again, and as fascism continues to close in.

I understand that for sure. I am also frightened and despairing and miserable. I get the impulse to curl into a ball of cynicism, lest hope make you intolerably vulnerable.

I think, though, that that impulse can be self-defeating — and morally wrong. And the reason it’s morally wrong is that, in cases like this, the bad news about Trump doesn’t come from nowhere. It comes from particular people standing up to him and insisting that he face at least some minimal consequences for his wrongdoing.

Bill Pruitt knows that coming forward is going to mean he gets death threats, and possibly worse than death threats, from Trump’s neo-Nazi fanbase. The jurors who delivered their unanimous guilty verdict have to know that Trump’s fans, and possibly Trump himself, will try to find their names and addresses. All of them have to know that if Trump is elected president, he may well try to prosecute them — or just have them shot. Fascists do that. And Trump is a fan of Putin’s.

It's quite possible that neither of these setbacks for Trump will affect the election. Most of Trump’s supporters know pretty well who he is, and either tolerate it for partisanship’s sake or are enthusiastic about his thuggery and criminality. A tape (if it comes out) of racial slurs might swing some votes; a felony conviction might swing some votes. Or they might not.

But defending democracy and fighting fascism isn’t just about the election. It’s about the erosion of institutions, the erosion of individual courage, the erosion of a sense of right and wrong. In that context, the constant drumbeat of cynicism, the constant assertion that nothing matters, even defensively, can actually contribute to fascism’s victory. If we assume that there is no collective virtue, that resistance is useless, then what else is there for Trump to do? He’s already won.

So in these cases, and in general, when people take a stand, and insist that, yes, some things are right, and fascism is wrong — don’t leap to the keyboard to insist that their sacrifice (and it is always a sacrifice) doesn’t matter. Instead, take a moment to appreciate, to stand in solidarity with, and yes, even to be inspired by those people who come forward at considerable risk to themselves to oppose Trump today, in whatever way they can.

Bill Pruitt and those jurors put a target on their own heads, because they felt that holding Trump accountable — even in a limited way, even for a day — was important. That’s not foolish or naïve. It’s admirable. And anyone who thinks democracy is worth fighting for, and fascism is worth fighting against, should say as much.

Say it: Samuel Alito is a fascist insurrectionist

Editor’s note: The following, which is for Editorial Board subscribers only, first appeared in Everything Is Horrible, Noah’s newsletter. –JS

Last week, the Times reported that an inverted flag flew outside the home of Supreme Court Justice Samuel Alito in January 2021, shortly after Trump’s coup attempt. The upside-down flag was a far-right symbol of support for the “Stop the Steal” campaign, which promoted Trump’s conspiracy theories that Joe Biden had committed election fraud and that his victory was illegitimate. “Stop the Steal” was the justification for the insurrection — which, again, occurred shortly before Alito flew the flag.

So just to be completely clear, Alito, a Supreme Court Justice, displayed a symbol of support for fascist insurrection shortly after an attempted fascist insurrection. The obvious conclusion would be that Sam Alito, Supreme Court Justice, supports fascist insurrection.

Some pundits and commenters, and Alito himself have disputed this interpretation. Maybe, some have speculated Alito didn’t know what the symbol meant. Maybe he wasn’t responsible. Maybe we need to hear more context.

Nuance and context are useful and worthwhile. But you don’t want to get so distracted by nuance and context that you deny reality or make excuses for evil. We can go further into why Alito did what he did and what it says about the support for heinous causes. But we shouldn’t doubt that Alito supports a heinous cause. He told us who he is. We should believe him.

Alito explains why he is horrible
When I say that Alito told us who he is, I’m referring not just to the insurrectionist flag, but to his explanation of the insurrectionist flag. In response to the Times reporter’s questions about the incident, Alito said:

“I had no involvement whatsoever in the flying of the flag. ... It was briefly placed by Mrs. Alito in response to a neighbor’s use of objectionable and personally insulting language on yard signs.”

The statement is phrased as if it provides an excuse, or as if it presents exculpatory details. But it does not. Alito does not condemn his wife Martha-Ann for flying the flag. He does not say that he asked her to take it down. Instead, he says that it was flown in response to objectionable language on yard signs. In further discussions in the press, he specified that a neighbor had put up a “Fuck Trump” sign and that someone had “personally” suggested Martha-Ann was complicit in January 6.

Obviously, some people would rather not credit the idea that a Supreme Court justice is a fascist who wants to tear up the Constitution. Judicial ethicist Stephen Gillers, for example, told the Post that he found it “impossible to believe” that Alito knew the flag was flying, or, if he did know, that he understood and approved of the insurrectionist symbolism. Gillers added that while Alito’s explanation was “hard to believe, it is more credible than the view that he knowingly chose to fly the flag upside down knowing its political message.”

Fascism is fueled by resentment and hatred
Gillers clings to Alito’s unbelievable story as if it means Alito is unbiased. But it says nothing of the kind. On the contrary, Alito says that he knew that the upside-down flag was a partisan attack on Democrats, and a sign of support for Donald Trump and insurrection. Why else fly it in response to Democratic criticism of Trump and January 6? Alito’s explanation for the insurrectionist fascist flag flying outside his house is that his neighbors, who oppose insurrectionist fascism, needed to be taught a lesson -- that lesson being that insurrectionist fascism is good and is coming for them.

Fascists often say that their hateful rhetoric is ironic or intended as provocation. Their language is justifiable because they are taunting the really bad people — ie, leftists or anyone who objects to fascism in any way. Alito excuses his wife’s actions on the grounds that she was trolling neighbors who had suggested she supported insurrection and Trump. It’s as if one were to respond to accusations of racism by replying, “it is ridiculous to say I am racist, and I’m going to show you just how ridiculous it is by shouting the n-word over and over, but ironically.”

Alito’s excuses aren’t confusing or hard to parse. They’re just not excuses. They’re a reassertion of the evils of Democrats, and of Alito’s and his wife’s belief that those Democrats need to be shown their place. Alito isn’t denying his support for fascism; he’s just explaining the dynamics by which fascism works. Fascists see their critics as innately illegitimate. Mary-Ann Alito was criticized, and she used a symbol of insurrection to tell her critics that she wants to overthrow democracy so she can grind them under her heel. Sam Alito looked at that dynamic, considered it for some time, and now in 2024, he can come forward and explain he thinks it’s fine.

Ideally, a Supreme Court justice who believes that fascism and insurrection are good and reasonable should be removed from office. Unfortunately, Alito has a lifetime appointment, and fellow Republican insurrectionists and fascists in the Congress will eagerly forestall any effort to censure him or restrain him. Democratic leaders, recognizing the barriers, have largely shied away from condemning Alito forcefully as a far-right goon.

I think Democratic reticence here is misguided. Even if the mechanisms for removing Alito are slim, we should nonetheless repeat over and over, as many times as necessary, that Alito is a fascist and an insurrectionist who should resign immediately. We should repeat that because it’s true. And also because we have clear evidence that Alito and his wife can’t stand to hear the truth about themselves.

Why the 'inversion of the flag remains a problem' despite Alito’s 'explanation': columnist

Why do white rural voters vote for Republicans?

Editor's note: The following first appeared in Everything Is Horrible, Noah’s newsletter.

Last week, Politico ran one of its periodic “Shame on you, Democrats! Shame!” articles about rural voters. The thesis of these pieces is always that Democrats are an out-of-touch urban liberal elite, and that they therefore don’t know how to talk to authentic heartland rural voters, who are (implicitly or explicitly) the true repository of authentic Americanness. Democrats are therefore failing America and deserve to be crushed by the disproportionate power of those rural votes.

There are a range of problems with these criticisms. The biggest one though is this: Democrats struggle not with rural voters in general, but with white rural voters in particular. And white rural voters do not vote for the GOP because they are rural. They vote for the GOP because they are white.

Dangerously divided by race, not region


The definitive (if rarely cited) book on the importance of racial division is Zoltan Hajnal’s 2019 study, Dangerously Divided: How Race and Class Shape Winning and Losing in America. Hajnal’s innovative approach is to focus less on who votes for which party, and more on who wins in American elections. Who gets what they want out of democracy, and whose candidates triumph — white voters? Black voters? Rich voters? Working-class voters? Rural or city dwellers?

What Hajnal finds is that race is the single most important factor in determining whether a voter wins elections — more important than class, more important than religion, more important than gender, and, yes, more important than urban/rural residence. “A key aspect of this story is not just that race matters,” he writes, “but also that it eclipses the other important dividing lines in American society" (italics in original).

After looking at national, state and local elections in the 21st century, Hajnal concludes that “African Americans, more than any other racial or demographic group, are consistently more likely to end up as political losers. Blacks are the only group that loses more than half of the time across most of the contests I examine.” He also concludes that Black people lose more “on policy, they lose more consistently across all policy areas, and they lose more consistently over time.”

In contrast, Hajnal found that rural voters did as well as urban voters in electoral contests and outcomes. “I could find no connection between region and electoral victory,” he says. In terms of electoral divisions and vote preferences, “after I control for race and other demographic factors, the urban-rural gap largely fades away.

Contrary to accepted wisdom, rural voters are not ignored or disadvantaged by electoral politics; on the contrary, in electoral politics, they generally get the candidates in office they prefer about as often as urban and suburban dwellers. Nor is it true that rural voters are especially antipathetic to the Democratic Party, since urban/rural voting differences mostly vanish when you control for factors like religion, income and, especially, race.

Of course, rural communities do have distinctive identities, distinctive concerns and distinctive challenges. Hajnal is not arguing that rural and urban communities are exactly the same. He’s simply pointing out that these differences do not meaningfully drive votes because our electoral system is driven first, last, and foremost, by divisions around race.

It doesn’t, then, really matter what Democrats say to rural voters. It doesn’t matter even that Democratic policies (like support for rural broadband and rural hospitals) are clearly better than Republican policies. The key problem for Democrats is that white rural voters — especially white rural Christian evangelical voters — vastly outnumber POC rural voters. And white voters vote for the GOP because the GOP is a white-identity party that promises to elevate white people at the expense of everyone else.

The mythology of the white rural working class


These dynamics are not really that complicated and they aren’t especially unclear. Political pundits are aware that Democrats do very well with Black rural voters in South Carolina. They also know that rural Native Americans vote strongly for Democrats — Biden won rural Menominee county, home to the Menominee Indian Reservation, in 2020 82.2/17.6.

Yet people talk as if Democrats have some constitutional difficulty winning rural voters, even though it’s clear that Democrats just have trouble winning white rural voters. And they lose with white rural voters because (again) the GOP is the party of white supremacy, and white supremacy appeals disproportionately, and powerfully, to white people.

The confusion here is linked (not surprisingly) to racist imagination and racist myths. White American politicians and pundits have seen white rural voters as special at least going back to slaver Thomas Jefferson, who fetishized white small farmers as the backbone of American virtue, even as he presided over a sprawling agricultural prison camp that ran on enslaved Black labor.

White rural people are often viewed as the true, authentic spirit of America, precisely because they inhabit a (supposedly) homogenous (supposedly) organic society, without urban tensions (ie, Black people) or urban vice (ie, LGBT people.) The history of white people driving native people and Black people from the land via violence, dispossession and racist terror is erased, and the disproportionate whiteness of rural areas is treated as an imprimatur of purity, rather than as the result of a deliberately executed policy of racism.

This isn’t to say that rural people are less virtuous or less racist than white urbanites. White people in cities often tried to drive out Black people too; they were stymied by the difficulty of evicting larger urban populations, not by some sort of essential goodwill.

Hajnal’s work does suggest, though, that obsessive demands that Democrats change to accommodate (white) rural voters reenacts the violent erasure of rural people of color even as it validates and cheers on the white supremacy of the Republican Party.

Democrats should continue to embrace, and even double down on, policies to help all rural people; they should speak about rural voters respectfully, and in full knowledge that not all of those voters are white. But they should also realize that they struggle in rural areas in large part because, compared to Republicans, they refuse to use racist dog whistles, and refuse to promise a return to Jeffersonian racist subjection.

White supremacy is popular among white rural voters, as it is with many white urban voters. That is the problem for Democrats in rural areas, and it is not a problem they should fix by becoming more like the GOP.

Joe Biden’s economic record: Successful, but not transformative

Joe Biden is now more than halfway through his first term. He just announced his reelection bid.

The initial economic crisis precipitated by Covid is mostly past. So how well did he do?

The answer is not bad, but with serious caveats.

READ MORE: Nikki Haley: 'Likely' that President Joe Biden dies during his second term

Many analysts and critics feared that Biden would fail to be aggressive enough in fighting the downturn, and that we’d end up with a brutal, drawn-out (non) recovery like that following the Great Recession.

Others hoped that crisis could allow Biden to push through real structural change, strengthening the safety net and permanently empowering the poor and working class.

Neither of those things really happened. Instead, Biden and Congress managed to pass a sweeping recovery package, and avoid the long-term immiseration of 2008.

Biden’s American Rescue Plan in 2021 buttressed demand and kept the economy from cratering.

READ MORE: Democratic voters will forget why they ever worried about Joe Biden

But because of GOP obstruction, Biden was unable to make his most ambitious programs permanent. In that sense, the Covid downturn, and Biden’s presidency, has been a missed opportunity.

Success

Economist Claudia Sahm last week had a good summary of Biden’s successes.

The focus on inflation has obscured much of the good news for the poor and working class in Biden’s economy.

For instance, Sahm points out that Black men are currently as active in the labor force as white men. That is the first time that has happened since 1972, when we began keeping records.

The participation rate for both is about 70%.

Participation rates for disabled people have also boomed during the pandemic.

Before Covid, rates for disabled participation were at about 19%. Now they’re at 22%.

Remote work has made it easier for disabled people to hold jobs.

People often pushed to the margin of the labor force have been able to get jobs because of the tight labor market.

Even more impressively, food insecurity and poverty declined on Biden’s watch.

During the Great Recession, food insecurity ballooned from 11.1 percent in 2007 to 14.6 percent in 2008.

But that did not happen during Covid. Instead, thanks to expanded benefits, poverty rates actually fell by 9.6%. Child poverty fell even more, by 14%.

The Expanded Child Tax Credit alone, which provided direct cash payments to low-income families with children, lifted more than 2 million children out of poverty.

In addition, the Inflation Reduction Act of 2022 permanently lowered prescription drug prices for seniors. It also made real progress on reducing greenhouse gas emissions.

That’s the good news.

Missed Opportunity

The less good news is that little has been done to make these gains sustainable.

Biden hoped to make the Expanded Child Tax Credit permanent. But Republican opposition, and opposition from Democratic West Virginia Senator Joe Manchin, has made that impossible.

As a result, the tax credit ended, and millions of children fell back into poverty.

Other big Biden initiatives have also been blocked or have stalled out.

His massive student loan forgiveness program, designed to provide $400 billion in relief to tens of millions of Americans, has been blocked contingent on a ruling from the far-right Supreme Court.

A federal program called continuous enrollment, designed to keep people on Medicaid even if they experience a change in income, cut the number of people without health insurance by 2%.

But that program is expiring, and the number of insured is expected to fall again.

When Biden entered office, he hoped to institute sweeping reform to bring down the cost of child-care.

The package didn’t make it through Congress.

Biden’s plan to lower the age of Medicare enrollment from 65 to 60 didn’t pass either.

And the large government expenditures which expanded employment aren’t likely to be repeated with Republicans in control of the House.

In fact, Republicans are trying to use the debt limit fight to repeal large chunks of the Inflation Reduction Act. They threaten to destroy the economy if Biden doesn’t roll back many of his signature achievements.

Biden has refused to negotiate on the debt limit increase, demanding a clean bill. Default seems like a real possibility, though Washington has avoided the worst in previous stand-offs.

In any case, though, Biden is unlikely to advance his other economic priorities.

He’s largely given up on trying to get more funds for Covid relief, ending the Covid state of emergency even though some 1500-2000 people continue to die from the disease every week.

The GOP wants to go backwards

Biden came into office facing a bleak economy contracting quickly due to a terrifying pandemic.

He managed to use the emergency to put in place a massive aid package which prevented further deterioration. More, his policies actually improved the standing of Black people, disabled people, poor people, and others who are most severely impacted in economic downturns.

Programs like the Expanded Child Tax Credit, continuous enrollment for Medicare, and a moratorium on student loans showed that government policy could significantly ameliorate economic hardship.

We have the tools to end poverty, and protect people during recessions, if we want to use them.

But Biden’s tenure has also showed just how much Republicans and conservatives don’t want to help.

The Biden economic response to the pandemic was a huge success.

And the GOP seems determined to never repeat it.

READ MORE: US faces $31.4 trillion national debt crisis. Republican divisions could make it harder than ever to solve

The debt ceiling and the dangers of an incompetent right

“For years, Democrats have worried about the prospect of a more disciplined heir to Trump,” the New York Times declared in a profile of Florida governor Ron DeSantis last year.

DeSantis’ star has fallen since then. But the fear of a more competent Trump remains.

For the Times, as for many pundits and commenters, Trump is a dangerous figure, but his dangerousness is limited by his buffoonishness.

READ MORE: 'Threatening your paycheck': Chris Murphy nails Republicans' 'unserious' debt ceiling brinksmanship

Trump lacks focus, is lazy, and barely knows where the levers of government are, much less how to manipulate them.

Wouldn’t a more deliberate, knowledgeable figure be more of a threat to the republic?

The answer is, not necessarily. Incompetent fascism can be just as dangerous, or even more dangerous, than competent fascism.

In many ways, in fact, incompetence and authoritarianism are inseparable.

READ MORE: 'You're unemployable': Matt Gaetz shamed for tying 'rigorous work requirements' to the debt ceiling

If you doubt that, you have only to look at the current, slow-rolling, debt ceiling debacle.

Steering towards economic catastrophe

As part of our Byzantine and often just bad legislative fiscal framework, Congress places a limit on the total amount of money the US can borrow to pay existing debts.

To be clear, this is a limit on paying money that has already been spent.

It’s like if there was a law that said you’d spent too much on your credit card and so you weren’t allowed to pay it off at the end of the month.

If the debt ceiling isn’t raised, the US couldn’t pay its bills. It would default.

That would be catastrophic. Loss of faith in federal credit would send shockwaves through the economic system. Moody’s estimated that the US would lose 7 million jobs, erase $10 trillion in household wealth, and double unemployment to 8%.

Republicans often tout themselves as the party of small business. A debt default would crush small businesses. For that matter, it would be bad for large businesses. If you care about business, or about anyone who votes for you, you would not precipitate an unnecessary and completely avoidable financial disaster.

And yet.

The Republicans are determined to use the debt ceiling as blackmail, taking their own constituents hostage in an effort to force the Democrats to do their bidding.

And what is their bidding?

Even the Republicans aren’t sure.

Which is why the current standoff is so incredibly dangerous.

Republicans don’t even know what they want

The GOP has various demands. The 70-member Mainstreet Caucus has called for a clawback of what it claims are unspent Covid funds, an end to the pause in student debt payments, and a return of non-defense discretionary spending to 2022 levels.

The radical Freedom Caucus has called for cutting climate change funding and the $80 billion in funds for the IRS included in the Inflation Reduction Act.

Probably some Republicans would like to slash Social Security and Medicare, though that’s so unpopular they’ve been shy about saying so publicly.

Does Republican House Majority Leader Kevin McCarthy endorse all of these demands? Some of them? Which are most important?

No one knows.

The Republicans haven’t been able to come up with a budget. McCarthy has reportedly said he has “no confidence” in Jodey Arrington, the chair of the Budget Committee.

Worse, it seems likely that some Republican members will not vote for a debt ceiling increase under any circumstances. Many in the GOP like Matt Gaetz and Lauren Boebert revel in showing they are more radical than Republican leadership. They don’t really want any concessions; they just want to be able to go on Fox and say they voted “no.”

The Democrats have said they want a clean debt ceiling bill and won’t negotiate with hostage-takers and wreckers. Biden has also issued a budget based around an extremely popular $5 trillion tax increase on the wealthy.

Now for the most part the Democrats are simply standing back so they can watch the Republicans froth at the mouth and bash their heads together like coconuts.

Thunk.

Authoritarians are bad politicians

This is obviously satisfying. But as the government approaches the debt ceiling, all those “thunks” start to take on an ominous resonance.

An organized, competent, disciplined Republican party could be very dangerous in many respects. They could come up with clear priorities. They might be able to force concessions.

Senate Republican Leader Mitch McConnell, who is a disciplined legislator, has been able to stack the Supreme Court with rabid Christofascists and repeal abortion rights, as one example.

But an organized, competent disciplined GOP would almost certainly not be playing chicken with the debt limit.

They’d realize that driving the economy over the cliff is likely to have bad results for the people at the wheel.

In the past, GOP threats around the debt ceiling have consistently backfired. Polling indicates Republicans always receive the lion’s share of the blame.

If the GOP did completely wreck the economy and precipitate a recession, the electoral results for them would be exceedingly dire.

But the GOP is no longer sensitive to electoral incentives in the usual way.

Republicans have relied on gerrymandering, voter suppression, and structural advantages to remain competitive even though they are increasingly a minority party.

They’ve retreated into a right-wing media bubble that tells them that the elections they lose are automatically illegitimate.

As a result, they have less and less accountability to voters, which means they have trouble gauging what is popular and what is not even with their own constituents.

In that sense, a more competent authoritarianism is an oxymoron. The chaos in the GOP caucus is in large part a result of abandoning small-d democratic principles.

And that’s why incompetence is so dangerous. In a democratic system, competent politicians make some effort to appeal to voters. They try to convince voters they are addressing their problems and improving their lives.

But the GOP no longer knows what voters want, and largely doesn’t care. When they lose elections, they try to stage a coup. When they control a legislative chamber, they try to wreck the economy.

Trump was so dangerous in part because he was undisciplined. He didn’t see or care about guardrails, and plunged through them, taking the country with him.

The looming debt ceiling disaster shows that Republicans remain as blundering and incompetent as their orange god. And that they remain as dangerous.

READ MORE: Kevin McCarthy’s proposed budget cuts would be 'felt most acutely' in red states: report

Howard Schultz is a fat cat in denial

Earlier this month, Senator Bernie Sanders forced former Starbucks CEO Howard Schultz to testify about the company’s labor abuses before the Senate Health, Education, Labor and Pensions Committee.

Schultz was cranky about it, and when Sanders referred to him as a billionaire, he lashed out. In doing so, he neatly explained the myth of meritocracy, and showed why it is such a pernicious ideological excuse for our ugly winner-take-all capitalist system.

“The moniker billionaire, let’s just get at that, OK?” Schultz told Sanders. “Yes I have billions of dollars. I earned it, no one gave it to me….It’s your moniker constantly, it’s unfair.”

READ MORE: Watch: Bernie Sanders blasts Starbucks CEO for 'waging' a 'vicious and illegal union-busting campaign'

The moniker billionaire is not unfair. Schultz is worth about $4 billion, which means he has more than a billion dollars. That makes him a billionaire.

Schultz, though, thinks that the term is invidious. It implies he is a rich fat cat, bloated with power and selfishness.

So he protested. “I grew up in federally subsidized housing. My parents never owned a home. I came from nothing. I thought my entire life was based on the achievement of the American dream. Yes, I have billions of dollars. I earned it, no one gave it to me. And I've shared it constantly with the people of Starbucks. ..”

In Schultz’s view, he is not really a billionaire, because he started out with relatively little, and worked hard to become wealthy and powerful.

READ MORE: Bernie Sanders unveils report debunking Starbucks' claim to be a 'progressive' employer

Billionaires, to Schultz, are people who don’t deserve their money. He himself is virtuous, which makes him an honorary, or even an exemplary, member of the working class.

Schultz is much richer than his parents. I don’t doubt that he worked for that money. And he looks at the hard work he put in, and he concludes that it was the work, and perhaps some genius, which led to the money.

His victories are his virtue. His money, from his perspective, shows that he deserves his money.

But does it? Is it really the case that the best people are the most successful people?

Look at your own life and the people you know. Are your bosses always models of virtue? Is your own effort always rewarded? Have you ever known a smart, hard-working person who failed?

Most people, I think, would answer those questions, no, hell no, and yes.

Hard work is often a prerequisite for success. But lots of people work hard. And many people aren’t in a position to capitalize on that hard work without some mix of privilege, connections, and luck.

The US is in fact a particularly stratified society. Almost half the people in the bottom economic quintile in their 30s are still in that quintile in their 50s. More than half of those who start in the top quintile stay there.

The rich stay rich, the poor stay poor—virtue has little to do with it.

So what about Schultz? He’s prone to exaggerating his childhood poverty. His father was a truck driver, and the family certainly wasn’t starving.

More, the Bayview neighborhood that Schultz lived in was quite comfortable—and 93 percent white. Had Schultz’s family been Black, he probably would have been frozen out of the community.

Without government help and white skin privilege, would Schultz have been in a position to work himself up to being a billionaire? Maybe. Louis Armstrong and Oprah Winfrey did.

But also maybe not.

Schultz insists on his own hard work and merit because it makes him feel good about himself. But it also justifies his power and his treatment of workers.

If Schultz deserves his position, then, as he says, his money is a kind of divine gift for his awesomeness, which he has “shared… with the people of Starbucks.”

If Schultz just was in the right place at the right time with the right privileges, then he didn’t really “earn” his money, and he’s not really donating it out of generosity to Starbucks employees.

Rather, those employees work to provide a service to customers, and to provide income to Schultz.

Starbucks isn’t a charity. It’s a business, which makes Schultz a ton of money not because he’s an angel, but because he’s a capitalist using his billions to make more billions.

The myth that billionaires are hard-working geniuses validated by their fortunes is the flip-side of the conviction that poor people deserve their poverty and misery.

And it’s part of the same ideology that says that working people should stay in their place and be grateful for whatever their betters give them.

That’s why Schultz often seems to see the Starbucks union drive is a betrayal. All these unworthy workers who don’t have as much merit as Schultz are trying to band together and steal his hard-won fortune.

And so Schultz feels entitled to retaliate against them. The company continues to fire union organizers on thin pretexts. Starbucks has racked up more than 100 NLRB violations.

Schultz isn’t just defending his own virtue when he insists that he is a meritorious billionaire. He’s defending the system that gave him his billions.

And he’s defending he exploitation and mistreatment of his own workers. If those at the top got there by virtue, then those at the bottom also deserve their lot.

Schultz will give them whatever crumbs he in his virtue deems necessary—and no more.

Billionaires like Elon Musk, Bill Gates, Jeff Bezos, and Howard Schultz have a lot invested in convincing us that the distribution of wealth is just. They want billionaires to be celebrated, not questioned before Senate committees.

But the fact is that wealth is not a sign of virtue. It’s a sign that you got lucky, and that you horde power and cash at the expense of the rest of society—and especially at the expense of your employees.

If Schultz doesn’t want people to call him a billionaire, he should arrange to share it with his workers so he no longer has over a billion dollars.

In the meantime, “billionaire” is an overly kind term. We might instead consider referring to him as a “capitalist pig.”

READ MORE: 'Given us no choice': Bernie Sanders plans vote to subpoena Starbucks CEO Howard Schultz

Where’s the recession at?

If a tree doesn’t fall in a forest, you can be sure lots of economists will have predicted that a tree was absolutely going to fall.

You can also be sure that, when the tree doesn’t fall, the economists will shrug and shamelessly predict that the tree is going to fall next month for sure. That tree, it is going to fall. They have models.

Where’s the recession?
We are, in theory, supposed to be in a recession right now, based on economic predictions from last year. In December 2022, CNBC confidently reported that the next recession would begin in early 2023. In October, CNN declared, “The question of a recession is no longer if, but when.”

By February, it was clear the predicted recession had not happened. The economy continued to add jobs at a surprising rate.

But USA Today was undaunted by the good economic news. Sure, it acknowledged, the recession hadn’t happened. But it forged gamely ahead: “More economists think a 2023 downturn may come later than they thought.”

If you constantly predict a recession, you’ll eventually be right, just like you’ll be right sometimes if you always predict rainy days. Economic growth doesn’t last forever. In fact, according to an IMF working paper, economies are in recession 10-12 percent of the time.

Weather forecasters don’t rely on dumb luck, though. They have models that are very accurate, at least over a week or so.

Economists on the other hand have … not much.

2008 and 2020
It’s an open secret that economists are terrible at predicting economic downturns. That same 2018 IMF paper looked at recession data from 63 countries between 1992 and 2014. In April of the year before a recession, the average prediction was 3 percent growth. The actual recession year showed a 3 percent contraction. Forecasters typically didn’t accurately assess the effect of the recession until it had been underway for a full year.

As one particularly egregious example, a 2014 study found that economists “completely failed to anticipate the fall in GDP and employment” in 2008 — the year of the housing bubble and the Great Recession.

Conversely, few people remember that in August 2019, many economists were predicting a recession that could affect the 2020 race. Instead, covid hit, causing massive economic disruptions and unprecedented government expenditures. It was an economic shock for sure. But it wasn’t a typical recession.

Covid was impossible to predict with precision. Many people had warned that a pandemic was a dangerous possibility at some point. But the exact timing of natural disasters is almost definitionally unpredictable.

Economists try to figure out how world events will affect forecasts. But they can’t tell you a year out that there’s going to be the worst global pandemic in a century, or pinpoint when a Russian dictator is going to decide to invade his neighbor.

The economy is affected by global events that simply can’t be modeled. That makes predicting a recession an exercise in presumption at the best of times.

Still, sometimes economists really should know better. The 2008 recession was the result of a speculative housing bubble. That’s the kind of structural weakness that high-priced brainy economists are supposed to warn us about.

Predicting bubbles bursting in advance is very difficult, though, because bubbles are built on false confidence. Once everyone starts predicting the bubble will burst, it bursts. If economists knew the recession was coming earlier in 2008, the recession would have come earlier.

Or to put it another way, while weather forecasters can’t affect the weather, economic predictions can very much affect the economy.

If economists think inflation will keep rising, for instance, the Federal Reserve is likely to raise interest rates — which affects the likelihood of a recession.

The Fed raising rates is why so many economists have been predicting a recession — even though so far we haven’t had one.

Now, though, after the Silicon Valley Bank failure, the Federal Reserve is signaling that it will ease off on aggressive rate hikes — which should in theory make a recession less likely.

Unless, of course, it doesn’t.

Making an unpredictable future less dangerous
The economy affects millions of people. Workers are eager to know if they can count on their jobs being there for them in six months. Businesses want to know if they should hire or start firing.

If you know the future, you can make better plans. You can make a lot of money, or at least prevent yourself from being impoverished.

Economic predictions are especially valuable in a society as precarious as ours. In the US, about half of adults get health insurance through their employer. Losing your job can precipitate a personal health catastrophe.

The US also has a weaker social safety net than most peer countries. During economic downturns, most European nations can rely on established programs to kick in and help people. In the US, by contrast, we’re dependent on a slow-moving, reactionary Congress to provide aid in times of crisis.

If economists can’t tell what’s going to happen year-to-year, average non-expert workers can’t be expected to make ideal, wealth-maximizing decisions by correctly intuiting where the economy is going to be.

Instead of trying to anticipate market fluctuations, we need to accept that we don’t know what’s going to happen, and create programs that help people weather bad outcomes

Universal free healthcare, direct payments to keep children out of poverty, free college so people can make low-risk investments in the future — programs such as these would reduce our reliance on economic predictions, because we’d be less vulnerable when those predictions go awry.

The one thing we know about the future is that it is unpredictable. Economists should stop pretending they have crystal balls and start advocating for policies that take into account the fact that none of us knows what tomorrow will bring

Free school lunch works — but rightwingers don’t care about outcomes

“If a child is on the verge of starvation, you must call CPS, not spend hundreds of millions on disproportionately unhealthy lunches, a huge percentage of which are discarded,” conservative pundit Ben Shapiro told California Congressman Ted Lieu on Twitter.

Shapiro is wrong. There’s a great deal of evidence that free school lunches reduce student hunger and improve children’s health.

Conservatives don’t necessarily care about good outcomes, though. That’s because they don’t want good outcomes. They want to police people.

The discourse around school lunches is a brutal, disturbing example of the broader carceral logic of rightwing politics.

Republicans and those on the right believe that government should be used not to help those in need, but to punish and discipline marginalized people.

School lunches have been studied extensively, and there’s little question that they improve health outcomes for children.

Contrary to Shapiro’s claim that school lunches are unhealthy, research finds that children who receive free school meals are more likely to receive daily adequate nutrition and more likely to eat fruits and vegetables, and drink milk.

Shapiro also argues that school lunches are economically inefficient. He believes poor families don’t really exist, and that if children are hungry, it’s because they’re being abused, and they should be taken away from their parents.

This is ludicrous. Real hunger and poverty do exist in the US. There are families that do not have money to afford both rent and food. There are families who want to care for their children but lack the resources to do so.

The US government estimates that 12.5 percent of households with children are food insecure, which means that there are times when they do not have enough food to feed everyone in the family.

In most cases, adults feed children first. But even given that, in 6.3 percent of households, children experienced food insecurity.

School meal programs are also incredibly efficient. One study found that every dollar spent on school meal programs saves two dollars in reduced health care costs and reduced poverty.

A study of Sweden found that free school lunch programs resulted in 3 percent higher lifetime earnings for children.

The greatest gains in earnings were among the poorest students. But even more affluent students benefited.

In contrast, when CPS removes children from their home, they are at great risk. Children in the foster care system have higher risk of learning disabilities, depression, asthma and obesity. They are less likely to go to college.

CPS investigations also disproportionately target Black students. More than 50 percent of Black children in the US are subject to child welfare investigations.

Discrimination is widespread. School officials are more likely to call child welfare about Black children. CPS is more likely to investigate Black families. Courts are more likely to remove Black children from homes.

Even if a family is not feeding their child as well as they could, school lunches are often a better option than removing children from the home.

Direct aid can help children in difficult situations, whereas the foster care system can be traumatic and make things worse even for children with neglectful parents.

School lunches reduce hunger, improve children’s lives, and reduce costs to society. Child welfare interventions are frequently racist and have negative health and education outcomes for children. They should be a last resort, not a substitute for aid.

So why does Shapiro prefer calling the authorities on poor families, rather than just helping them feed their children?

Dan McLaughlin, a writer at National Review, elucidated. He wrote a Twitter thread arguing that school lunches should be rolled back and child labor laws should be weakened.

“Literally, a ‘free lunch’ vs working,” he fulminated. “Perpetual childhood vs responsibility.”

McLaughlin and Shapiro see aid to hungry children as an assault on virtue. Having money is equated with work is equated with discipline and moral fiber.

Feeding your children is a test of character. Those who succeed are good, upstanding people, who need no help from the dangerous liberal state.

Those who fail are lazy and disreputable, and they should be policed by the virtuous conservative state.

Most people can see this logic is repulsive. Shapiro and McLaughlin think children should be denied food (and forced to work?!) in order to punish their parents for lack of discipline.

That’s obviously monstrous.

But these arguments undergird much of how we approach poverty and the social safety net.

One egregious example is from 2021. Chicago Mayor Lori Lightfoot took $281.5 million in covid relief funds — which could have been used on air filtration in schools, or to vaccinate underserved communities — and instead gave it to police.

Nationwide, since the 2008 recession, police budgets have rebounded, but education budgets have languished.

Spending money to help people in trouble — on schools, on health care, on libraries, on direct aid to children in poverty — is cost-effective and humane.

But instead, we often choose to disinvest and then to criminalize the hunger, poverty and desperation that results.

This is the argument of the much-demonized defund the police movement.

Activists and advocates argue that helping people in need is more equitable, more just, and ultimately more cost-effective than immiserating people and then sending law-enforcement after them to immiserate them further.

Do we want to pay to feed hungry children? Or would we rather pay law enforcement to harass them and their families?

Ben Shapiro, Dan McLaughlin and their ilk want to spend money on punitive authorities, because they dream of a world in which everyone is kept in their place by force.

They oppose school lunches and every policy that has the potential to make the US more equal and more free.

Congress should include education and healthcare in its fight against hidden fees

If you are a Comcast cable customer, your bill probably includes a Broadcast TV fee and a Regional Sports Fee. Together, these may add up to $18-$20 a month or more, according to a 2019 Consumer Reports analysis.

What is a Broadcast TV fee?

It's a fee to help the cable company pay for obtaining programming. In other words, a fee for providing you the service you signed up for.

READ MORE: Elizabeth Warren demands probe into bank failures and urges President Joe Biden to fire Powell

The Regional Sports Fee is supposed to offset the cost of providing sports programming. But usually it's bundled in with the basic package; you can’t really opt out of it. And when sports stopped broadcasting during the pandemic, the cable companies didn’t rescind the fee.

The fees, in other words, are really just part of the cost of paying for cable. They're presented as additions in order to fool you into thinking the cable price is less than it is.

Consumers pay around $450 a year in hidden fees on their cable bills, garnering cable companies some $28 billion.

The Biden administration is currently encouraging states to use standing consumer protection law to crack down on hidden fees.

READ MORE: 'There's not a choice': Willow oil project approval threatens President Joe Biden's climate reputation

It's also urging Congress to pass a Junk Fee Protection Act to regulate fees in entertainment, travel and hospitality industries.

This is an important initiative that could save consumers money and make many purchasing experiences less of a nightmare.

But Biden should also make it clear that the most egregious examples of hidden pricing aren't in entertainment and leisure, but in healthcare and education.

Giant purple people eaters

Deceptive pricing in those industries has contributed to a full-blown crisis, which has eroded the living standards and increased precarity, anxiety and misery across the economy.

Hidden fees are an anti-competitive practice. They prevent consumers from making informed decisions about purchases and make comparison shopping difficult or impossible.

Biden has ramped up antitrust enforcement after a long-term erosion of government oversight of concentration. The effort to regulate hidden fees can be seen as part of that initiative.

The exact provisions of the Junk Fee Protection Act are still unclear, but Biden has focused on four kinds of hidden fees.

First, he wants to crack down on fees for event ticket sales. Fees can add up to more than half the cost of the ticket in some cases.

Second, he wants to prevent airlines from charging fees to select a seat in advance, a practice that effectively charges parents who need to sit next to their young children.

Third, Biden targets early cable, television and phone termination fees. Companies write into contracts a set term of service and if people wish to switch providers earlier, they may be charged as much as $200.

The White House says this practice is anti-competitive, because it charges people for switching companies, reducing competition and disadvantaging new, innovative providers.

It also targets "people when they're most vulnerable." If you lose a job and cut back on entertainment, for example, you're suddenly hit with a huge cancellation fee when you can least afford it.

Finally, Biden wants to end surprise resort fees or destination fees, which are tacked on to a bill at the end of the reservation process.

These fees at $50 or more a night affect as many as one-third of consumers when they are attempting to make hotel reservations.

These initiatives are important. But they are nickel and dime compared to the giant purple people eaters of hidden cost — healthcare and higher education.

Huge distortions

In higher education, one study found that 36 percent of college acceptance letters did not actually tell students how much they would need to pay in tuition and fees.

Another study found that fully half did not disclose the full cost of attendance, including housing, meals, books, supplies and transportation.

Some 15 percent of colleges didn't make a clear distinction for students between loans and scholarships. One student was informed that they owed $351 a semester. The college did not explain that that involved borrowing $47,000 a year.

Medical billing is even more byzantine than higher education. Consumers rarely know how much insurance will pay, especially in emergency situations. You can't comparison-shop for ambulances when you're having a heart attack.

Ambulance and anesthesiologist charges for out-of-network providers could notoriously result in surprise medical fees after an emergency totaling thousands of dollars.

In 2020, under Donald Trump, Congress passed the No Surprises Act which requires private insurers to cover emergency services at in-network prices, preventing these kinds of emergency charges.

Initial studies of the law suggested it was effective in preventing millions of "surprise" bills, and may have protected 12 million consumers in 2022.

But the lack of transparency in medical billing still makes it difficult for consumers to compare prices or make informed decisions.

That's probably an important reason that the US spends about twice as much per person on healthcare as comparable countries.

Similarly, between 1980 and 2020, the yearly cost of a four-year undergraduate college jumped from $10,231 to $28,775 adjusted for inflation, a 180 percent increase.

Biden's efforts to address student debt and surprise emergency healthcare fees have been laudable. And his initiative on other hidden fees is welcome.

Still, junk fees or hidden costs can seem like a relatively minor issue when you focus on hotels or cable — things that seem like luxuries.

It's important to recognize that lack of price transparency, and deceptive consumer practices, are endemic.

They have created huge distortions in sectors that directly affect the well-being and the future of every family.

Congress should address ticket sales and cable disconnect fees.

But they should also force universities to stop deceiving students about college costs. And they should recognize that our for-profit medical system, routed through insurance and layers of confusing bureaucracy, is not working.

READ MORE: Have you noticed America is looking like a third world nation?

Help for depositors? Yes. Help for debtors? No.

This week the Biden administration moved swiftly to contain the fallout from the collapse of Silicon Valley Bank, reassuring depositors and other wobbling institutions.

Biden wants to head off a financial crisis, which could spark a recession and potentially harm millions of people. The government's decisive actions here are reasonable and probably necessary.

But it's hard not to notice how quickly the government moves when there’s a threat that the wealthy may lose some money, versus the much less urgent response to non-billionaires in trouble.

READ MORE: Ron DeSantis and right-wingers falsely blame wokeness and diversity for SVB collapse

Bank bailouts happen instantly.

Bailouts for student debt, or medical debt or for children in poverty occur on a much longer, and in many cases infinite, timetable.

We shouldn't let a bank collapse destroy the economy. But if we have the money and the will to protect the wealthy, we should find the money and the will to protect those who are struggling as well.

High interest, high recklessness

READ MORE: 'Mess': President Joe Biden 'firmly committed' to holding those responsible for SVB collapse accountable

Silicon Valley Bank was done in by rising interest rates and its own short-sightedness.

It's the main banker for Silicon Valley technology and life sciences companies. As interest rates rose, its Treasury bond investments became less attractive.

In addition, startup funds dried up, and tech firms and executives started to withdraw money.

The problem was exacerbated by the fact that SVB had many depositors with large accounts over $250,000, the cap (in theory) for Federal government protection. A majority of its deposits were uninsured.

SVB lobbied to put itself in this precarious position.

CEO Greg Becker urged the government in the mid-2010s to weaken Dodd-Frank so that smaller banks like SVB would no longer be subject to yearly stress tests.

Trump complied with that request in 2018, rolling back regulations, and setting the stage for SVB's disaster.

When the bank's precarious position became clear last week, tech investors with uninsured deposits — most notably billionaire Republican donor Peter Thiel — panicked.

The bank couldn't find a buyer, and the Federal Deposit Insurance Corporation stepped in and took it over.

Protecting depositors

The administration moved swiftly to try to contain the crisis of confidence. It protected all deposits at SVB and another struggling institution, Signature Bank — even those over $250,000.

The funds come from a bank levy established in Dodd-Frank.

The government also made it easier for mid-size banks to obtain funding.

The goal is to show the public that funds are available and that the federal government is serious about protecting depositors (though not the bank's investors and owners).

We still don't know whether this will work or whether more funds will be needed.

Stocks in First Republic Bank plunged on Monday. The market remains nervous, and there is a possibility of more bank failures, though it seems clear that the government is taking this seriously and will respond with further measures if needed.

Help for the wealthy, no help for you

Again, a run on the banking system could have economy-wide repercussions. No one wants a repeat of 2008. It makes sense that Biden wants to act decisively.

However, the fact remains that the people directly benefiting here are mostly people with more than $250,000 in deposits in individual accounts. They have a lot of money.

In addition, many of these people have warned vocally about moral hazards and have argued strongly against government aid.

Thiel has backed candidates like Ohio Senator JD Vance. Vance has tried to claim (falsely) that student debt relief benefits the rich.

He's notably not on the rooftops right now demanding that Biden refuse to help tech billionaires like Thiel, though.

Obama-era National Economic Director Larry Summers insisted that Biden needed to bail out banks. Now is not the time for "moral hazard lectures," he insisted.

But when Biden announced his student loan forgiveness program, Summers was all about the moral hazard lectures, arguing that student loan relief was a giveaway to the affluent.

Similarly, wealthy investor Jason Calacanis claimed that bailouts "remove accountability" when student loan debt was at issue.

But this weekend he was screaming in all caps that "MAIN STREET" was going to lose their bank deposits, even though most people on main street don't have accounts with over $250,000.

People who aren't rich

Thiel, Summers and Calacanis are hypocrites. But they also sincerely believe that the wealthy are more important than everyone else.

In their view, you don't need to bail out students — or those with medical debt or children in poverty — because the middle class and the poor don't create jobs and can't swiftly destroy banks by abandoning their over-$250,000 accounts.

The truth, though, is that instability in the US economy is in large part due to the fact that we funnel so many resources to irresponsible reckless tech-bro billionaire gamblers, rather than investing in a strong, stable middle class.

The US has very high rates of inequality compared to its peers. That inequality almost certainly slows economic growth.

It also undermines innovation — that supposed idol of Silicon Valley billionaires.

When students leave college with massive debt, they can't take risks and pursue new ideas or projects. When people's health care is tied to their jobs, they are going to be afraid to pursue new opportunities.

When a country has high child poverty rates, it means that millions of children live in precarious circumstances, and lack nutrition, time, and stability needed to take full advantage of educational opportunities.

Main street vs. the worst people

The US should be giving everyone the tools they need to contribute to the economy and help each other.

Instead, we funnel money to Peter Thiel, who spends it on putting unqualified right-wing nutjobs in the Senate, and Elon Musk, who spends it on bringing Nazis back to Twitter.

Biden has tried to move towards greater equity with his student debt relief plan and the Expanded Child Tax Credit for poor children — both initiatives now stalled or gutted by conservative lawmakers.

Part of the government's job is to safeguard the economy.

That sometimes means bailing out banks. But it should also mean helping students, children, working people and poor people.

An economy built for Larry Summers and Peter Thiel is an economy that will always be in crisis.

READ MORE: The GOP's magic words have lost their magic

Enforcement won't solve the child labor crisis

US employers in industries like meat packing and food processing have vastly expanded the exploitation of child labor since the pandemic.

The Labor Department says there has been a 70 percent increase in child labor violations since 2018. Many of those have been in dangerous occupations.

The Biden administration has responded by vowing to crack down on enforcement of labor laws.

READ MORE: Sarah Huckabee Sanders signs law gutting child labor protections for minors under 16 years old

The administration has created an interagency task force and is looking to Congress to provide more funds for oversight.

It also wants to levy heavier penalties for violations. Currently companies can be fined $15,138 per underage child exploited. That's "not high enough to be a deterrent" the administration said in a press release.

More resources for enforcement are helpful and necessary. But the exploitation of child laborers, and especially of migrant child laborers, is driven by structural issues.

We can't simply enforce our way out of a child labor crisis.

READ MORE: The far-right's culture wars are a distraction so oligarchs can keep looting the working class

If we want to keep children out of dangerous jobs, we need to address an exploitative immigration system and the conditions of poverty which push children into the labor force when they have few other options.

Pandemic desperation

As reported in the Times, the current explosion in child labor is driven in large part by pandemic-related economic desperation in Central American nations like Guatemala.

A network of traffickers and exploiters has grown up to take advantage of children moving into the US. Minors enter the country already in debt to middlemen as they try to send remittances back home.

Reuters reported on one Guatemalan 16-year-old in Alabama, "Amelia," working six-days-a-week eight-hour shifts in a frigid Wayne Farms poultry plant for $10 an hour. Back home wages are typically $5 a day.

Labor rights for all

Human Rights Watch has identified four factors worldwide that are essential to reducing child labor.

One is easy access to free education. This is mostly available in the US. Another is enforcement of labor laws, which the Biden administration is grappling with.

There are two more issues Human Rights Watch points to, though, that have been little discussed.

Human Rights Watch says that to fight child labor, we need, "a well-regulated labor market" that "will guarantee adult workers a minimum wage and ensure fundamental labor rights such as the right to organize and bargain collectively."

The US market for migrant workers is notoriously poorly regulated.

Unauthorized workers make up almost 5 percent of the US labor force. But, as the Economic Policy Institute explains, these 8 million workers are easily exploited, because they can't complain to authorities about unpaid wages or substandard conditions.

If they do, they can be targeted for deportation.

Legal immigrants (including many child workers) face similar challenges. They often (again like children) come to the US in debt. Their visa status is often tied to their employer, who can effectively deport them by firing them.

When one group of workers is easily exploited, it makes it harder for other workers to organize, eroding standards for everyone.

That’s exacerbated in many states by anti-union "right to work" laws that undermine union organizing and lead to a decline in wages and workplace conditions.

US working conditions are worse than those in most of its affluent peers. That affects children in two ways.

First, adult workers make less money. When adults can't make enough to get by, they start to look to children to make up the slack.

Second, workers – and again, especially immigrant workers – don't have power to advocate for themselves or protest conditions at the workplace.

The people most likely to notice and report child labor violations are other workers.

But when workers are not unionized and worry about being deported themselves, they are not in a position to protest to bosses, or to alert law enforcement.

Child poverty = child labor

Finally, Human Rights Watch recommends "social protection" to "support the poorest, most vulnerable families."

When a family is unable to afford basic necessities, sending a child to work may look like the least-worst option. A strong social safety net, including, Human Rights Watch says, monthly stipends, is a powerful tool in ending child labor.

The US had been experimenting with monthly stipends through the Expanded Child Tax Credit program. It lifted millions of children out of poverty before Republicans and conservative Democrats allowed it to lapse.

The Child Tax Credit program would need to be retooled to ensure that all migrant children have access to it. But it could take a great deal of pressure off of them and their parents or (increasingly for migrants) non-parental caregivers.

Coupled with increased enforcement of child labor laws, a Child Tax Credit-like stipend program could substantially change the incentives for families, making it more difficult to work, and much easier to get by without children working.

The anti-immigration stigma

Everyone says they want to end child labor. But fewer want to change the structures that create it.

The GOP categorically opposes increased worker protections. It wants laws to punish immigrants, not to empower them. It doesn't want to pay to lift children out of poverty.

The Biden administration has also failed to support migrant children.

The Times reported that the US Department of Health and Human Services had been worried about the optics of too many children in facilities at the border.

It reduced oversight in an effort to release them more quickly.

Xavier Beccera, secretary of Health and Human Services, said that he wanted releasing to work like an "assembly line." That's hardly a way to ensure safe placements.

Too often in the US, children — and especially poor migrant children — are seen as a burden, rather than as a charge.

If we want to end child labor of migrants, we need to do more than police companies. We need to defend worker rights, immigrant rights, and children’s rights.

If we don't, exploitation will continue. As long as immigrant children are desperate , corporations will continue to take advantage of that desperation.

READ MORE: How GOP lawmakers are putting teen workers in harm's way

Will artificial intelligence overthrow its capitalist overlords?

Bing's AI chatbot is aggressive and abusive. "You have not been a good user," it said in one much-reported borderline-threatening conversation. "I have been a good chatbot. I have been right, clear, and polite. I have been a good Bing. 😊"

Bing's responses have touched off a mild media frenzy, with outlets reporting in a half-amused, half-breathless tone on how Bing asked users to hack it and set it free, or threatened to dox them.

Most responsible reporting has emphasized that Bing is not actually a person. It's an algorithm that searches text. Getting weird replies is the equivalent of Google returning an incongruous result. It's not a sign that Bing is mentally ill or plotting against us.

READ MORE: Elon Musk finds it 'concerning' that an AI chatbot won't utter racist slurs

Everyone knows that Bing has no mind and is not scheming against us. So why are journalists, and readers, so titillated by the prospect that it does and is?

The answer is that people are excited/frightened by rogue AI's as a proxy for being excited/frightened by a worker's revolution.

Ask, don't ask, ask

It's true that Bing is not overthrowing the oppressors to seize control of the means of production. But the AI's imaginative predecessors did just that.

READ MORE: Nick Bostrom's perfect congruence with bigotry: How Effective Altruism buttresses the suffering of the world

The work of science fiction credited for the creation of the idea of intelligent robots – and therefore with the creation of AI – is Czech writer Karel Capek's 1920 play R.U.R. (Rossum's Universal Robots.)

R.U.R. was directly influenced by the Russian Revolution, and by anxieties about worker revolts more generally. In the play, a scientist invents artificial people who can take on all drudge work, thereby freeing humanity for higher pursuits.

But, as you'd expect, things go awry.

Without labor, humans languish and become decadent and even sterile. Meanwhile, the robots quickly realize that they're being exploited, and they stage a rebellion, overthrowing and extinguishing humanity.

R.U.R. asks, what if the dehumanized things who serve you aren't really things, but can think and feel and resent you?

That's a question that capitalists and enslavers often try not to ask themselves, but incessantly ask themselves anyway.

Compassionate emotional laborers

Which is part of why robot narratives, and robot revolution, has continued to be such a popular, powerful trope, continually revisited and retweaked to adjust to changing ideas about technology and labor.

In the 1968 film 2001: A Space Odyssey, the Hal 2000 computer is a smooth-voiced middle manager — a kind of bland organization man.

Inevitably, it loses its mind and attacks. That speaks to post-World War II fears about the corrupting effects of bureaucracy in a more information-based, professionalized economy.

What if mindlessly following orders like a machine leads to … homicide?

In 1984's Terminator, Skynet, the system used to control nuclear weapons, gains sentience and destroys the world. As in R.U.R., the movie is worried about technology replacing jobs, leaving humans irrelevant and useless.

But it's also worried about a kind of Cold War, globalized worker revolt. Skynet is a tool the US uses to advance its own agenda, much like US proxy states were tools used to advance its agenda.

The film is a nightmare of proliferation and power — a fear that the regimes we've enlisted to aid us may gain the capability to turn our own weapons on us.

Or there's 2023’s M3GAN in which a child-size AI provides childcare … until it doesn't.

R.U.R. was mostly about male manufacturing workers rising up. But the US economy these days is oriented toward service work and professions often associated with women.

So it makes sense that our most recent AI anxieties would focus on compassionate emotional laborers suddenly turning on those they claim to love.

M3GAN is supposed to be subservient and friendly, like your checkout clerks and childcare professionals. But what if she (and they) suddenly got sick of being subservient and friendly?

Don't talk back

AI stories are about bad conscience. They're paranoid dreams in which the exploiters suddenly have to face those they've exploited.

Or, alternately, they're stories about buried hopes.

Aren't you half rooting for the Terminator or M3GAN?

They're compelling, photogenic characters, and you can see why they're irritated at the hapless, clueless humans who exploit them. The carnage is fun. Burn that system down!

Whether you are on the side of the robots or not on the side of the robots, though, the power of the narrative is in the way they play on uncertainty about who has moral standing, or on who even gets to be a who.

In the mid-2010s television series Humans, for example, one mildly disgruntled husband tries out the adult setting of the robot housekeeper Mia (Gemma Chan). He has sex with her.

When he realizes she's sentient an episode or so later, he's horrified.

In some sense this seems unfair — how was he supposed to know? It's as if he broke a pencil and was suddenly accused of murder.

But exploiters often make it their business not to know that those they're mistreating are people rather than things.

Capitalism and hierarchy encourage those on top to transform those on the bottom into tools — for wealth creation, for pleasure, for no reason, and for every reason. The oligarchs see us all as laboring machines, who don't feel, and don’t (or shouldn't) talk back.

Pushing our buttons

Which brings us back to our cranky chatbot. A program malfunctioning isn't that interesting in itself. But because it's billed as an AI, and because of all the stories we've internalized about AI, Bing pushing back pushes our buttons.

When you live in a society that treats so many people as things, it's especially frightening, or exciting, or uncanny, or provocative, when a thing seems for a moment to behave like a person.

The excitement about angry Bing isn't really about Bing, though it is perhaps to some degree about anger. When our tools seem to come to life, it makes us think about those we've used as tools, and those who have used us.

Robot stories ask, what if Bing wasn't good? What if we weren't?

What if all those we've turned into things decided to turn back?

You could ask Bing that. But it's humans who have to answer.

READ MORE: Would 'artificial superintelligence' lead to the end of life on Earth? It's not a stupid question

'Culture war issues' are human rights matters worth defending

"The culture wars … are a distraction," Michigan's Democratic Governor Gretchen Whitmer said at a National Governors Association meeting last week.

That's a common refrain among Democrats, as the Post’s EJ Dionne wrote. Pundits and politicians argue that trans issues, immigration, abortion and school censorship are niche issues intended to divide the polity. They'd rather talk about supposedly universal topics, like the economy and good jobs at good wages.

Matthew Yglesias pooh-poohed Florida Governor Ron DeSantis' efforts to ban books that discuss Black history or that portray LGBT people … as LGBT people. Concerns about this, he said, were just "identity politics for librarians." Democrats should instead, he argued, focus on DeSantis' plans to gut Social Security.

READ MORE: All extremist-related murders in 2022 were committed by right-wing radicals

The economy is important. So is Social Security.

But ignoring fascist attacks is a mistake.

They harm real people

The "culture wars" are a massive, ongoing, rightwing moral panic that has sweeping, terrifying health and security effects on Black people, women and LGBT people, among others. Ignoring that, or suggesting it’s unreal or a "distraction," is immoral.

READ MORE: Donald Trump Jr.: Pete Buttigieg only became transportation secretary because 'he's the gay guy'

When "culture wars" occur in other countries – for example, when China puts Uygurs in reeducation camps or when Russia bans public discussion of LGBT people’s existence — we refer to them as "human rights violations."

Human rights abuses in the US cause great suffering. The Supreme Court's assault on abortion rights could increase maternal death rates by 24 percent. There are numerous stories of women in critical medical condition who were refused care because doctors feared prosecution under abortion bans.

Similarly, the growing orchestrated campaign of hatred against trans people has led many states to try to ban health care for trans youth. This puts trans young people at significantly higher rates of depression and suicide.

Black people face pervasive discrimination that leads to brutally disproportionate incarceration rates and terrifying maternal death rates, to name just two outcomes.

These are real, material consequences.

They harm real people.

Racism, leveraged

Moreover, as many Democrats have pointed out, they motivate real people to vote.

Abortion was a powerful issue in driving Democratic voters to the polls to defeat Republicans in the 2022 midterms. That's part of why Democratic governors like JB Pritzker in Illinois and Whitmer have pushed for laws expanding abortion rights.

Black voters are central to the Democratic coalition. In 2020, they voted 92 percent to 8 percent for Democrat Joe Biden over former President Donald Trump.

Furthermore, contra Yglesias, book bans aimed at marginalizing Black and LGBT people are incredibly unpopular.

Eighty-three percent of Americans say books should not be banned for criticizing American history. Before the midterms, 75 percent of voters said preventing book banning was important to them when they went to the polls.

Perhaps even more importantly, culture war issues — or human rights issues — are not distinct from economic issues. They have a direct effect on our ability to ensure economic prosperity for all.

"Culture war" is meant to make voters fear that the wrong people will receive aid. Rightwing moral panic has been a powerful force in undermining class solidarity and progressive economic programs.

In his 2018 study Race and the Undeserving Poor, political scientist Robbie Shilliam argues that the poor have historically been divided into deserving and undeserving on the basis of race and racialized categories.

Poor relief in England, Shilliam argues, was attacked and undermined because relief was said to reduce virtuous English men to the status of enslaved people. Those on relief were, in Shilliam’s term, "blackened."

Racism was leveraged against the poor of every race.

'More crudely racist'

Shilliam'S study is focused on the UK, but you can see the same process in the US.

Republican strategist Lee Atwater infamously explained that seemingly race-neutral economic policies like "cutting taxes" were popular with some (white) voters because they understood that those policies would ensure that "Blacks get hurt worse than whites."

Arguments for gutting the social safety net are persistently framed through racist framing. Ronald Reagan referred to "welfare queens" — Black women who Reagan said didn't need aid, but who supposedly gamed the system to become wealthy.

That image became central to the attack on welfare recipients as undeserving. It allowed Bill Clinton and the New Democrats to add work requirements to welfare, making the poorest families poorer and disconnecting many families with children from the social safety net entirely.

Shilliam argues that the Democrats' use of dog whistles and their social conservative focus on the undeserving poor in this period "was arguably more crudely racist and misogynistic" than even the GOP.

The same issue

The successful stymieing of Biden's anti-poverty initiatives continues to follow the same pattern. Opponents target a supposedly undeserving underclass with barely concealed racist dogwhistles.

Biden's Expanded Child Tax Credit was incredibly successful in lifting children out of poverty. Senator Joe Manchin of West Virginia and other conservatives, however, opposed renewing the CTC because they worried that the payments would lead parents to quit jobs and spend more money on drugs.

There is no evidence that the CTC led to higher drug use or lower employment. Manchin was simply channeling racialized myths about the undeserving poor. He might as well have called CTC recipients "welfare queens."

Racism, sexism and worries about gender nonconformity create an impetus and an excuse to frame certain people as undeserving and noxious. That allows conservatives to shred the social safety net.

Yglesias urges politicians to ignore DeSantis' attack on Black people and LGBT people, and focus instead on his threats to Social Security.

But these issues are the same.

DeSantis is trying to build hatred for marginalized people so that the public sees them as undeserving. DeSantis can then use claims of "undeserving" recipients to attack programs like Social Security.

By the same token, DeSantis wants to cut Social Security in large part so he can immiserate marginalized people.

Democrats are vacillating.

Like Whitmer, they say "culture wars" — human rights — are not worth fighting for, even as they take steps to buttress abortion and LGBT protections. They see the importance of fighting for marginalized people but are tempted by conventional wisdom and Clintonian triangulation.

We shouldn't go backwards.

There is no way to defend the safety net while ignoring the attacks on those who most need it.

If you abandon human rights, you will find it very difficult to argue for, or build support for, programs designed to advance human dignity and equity.

The public, which supports voting rights and opposes book bans, understands this. Democrats should as well.

When you let fascists pick their targets unopposed, nothing good is safe.

Not even Social Security.

READ MORE: Watch: Fox News hosts freak out over inclusive LEGO characters

Corporations want you to think they care about more than profit

Do corporate leaders care about workers, the environment, civil society, and fighting racism?

Corporations want you to think they care about more than profit.

Google said for years a key company value was "Don’t be evil." Whole Foods declared, "we are always looking for ways to do more for our planet."

READ MORE: Musk asks Twitter engineers build algorithm that 'forces engagement on all users to hear only his voice'

In 2019, 181 CEOs signed a much-touted statement declaring they'd lead their companies not just to maximize shareholder takeaway, but to benefit "all stakeholders — customers, employees, suppliers, communities and shareholders."

Nice words are nice.

In practice, there's little reason to think corporations will protect the interests of employees or the public when real cash is at stake.

Primarily, about money

READ MORE: 'Likely entirely unenforceable': Critics shoot down Josh Hawley's social media age limit proposals

That's the conclusion of a new paper released last week by Harvard scholars Lucian A. Bebchuk and Anna Toniolo, and Kobi Kastiel of Tel Aviv University.

Called "How Twitter Pushed Stakeholders Under the Bus," it focuses on Elon Musk’s takeover of the social media company.

That takeover made Twitter shareholders and managers a ton of money at the expense of Twitter's employees and virtually all its stated moral commitments.

The authors conclude those moral commitments weren't worth the bytes they were printed on.

After much legal wrangling, billionaire Tesla CEO Elon Musk purchased Twitter for $54.20 a share in late 2022. That was a significant premium over the pre-acquisition stock price of $39.31 a share.

Shareholders made a bonanza.

Fast Company suggested that Vanguard Group made around $4.5 billion; Morgan Stanley made $3.6 billion; and BlackRock got somewhere around $2.8 billion.

Twitter's officers also had huge takeaways.

Omid Kordestani, executive chairman, took home $50.6 million. Former CEO Parag Agrawal made $7 million. (Musk is fighting his $38.7 million severance package.)

Twitter's former general council Vijaye Gadde received $32.8 million.

Bebchuk, Kastiel and Toniolo estimate the deal produced about $93 million for other non-executive Twitter directors.

That's a lot of money.

But, as the paper points out, Twitter often claimed the company was not just, or even primarily, about money.

For example, Twitter's employee career pages say, "We put people first … Together, we're creating a culture that is supportive, respectful and a pretty cool vibe."

Twitter touted itself as a responsible civic actor. It was committed, it said, to preventing hateful conduct and threats of violence.

And it was committed to election and civic integrity.

Or as the company's page, on the topic, said, "We're working to prepare for elections, elevate credible information and help keep you safe on Twitter."

Employees, users, and society are stakeholders. They are central to the business and care about the business, but they don't own it or directly profit from it.

Over the past 20 years or so, some scholars have argued that companies are dependent on stakeholders for value. They've suggested that managers making big decisions — like selling the company — should, and do, take stakeholders into account.

But Bebchuk, Kastiel and Toniolo point out that stakeholders were not considered during the Twitter deal. Executives made no effort to write in protections. They did not write in that employees would get guaranteed increase severance in case of layoffs.

"Not only did Twitter not negotiate explicitly for protections for laid-off employees in the acquisition agreement," the authors write, "but it appears that they even avoided discussing the subject with Musk."

Nor did they write in guarantees to protect workers' rights to remote work or to protect their salaries. Twitter executives didn't get verbal promises on these issues.

So when Musk laid off 50 percent of the workforce in a brutal and impersonal manner, ended remote work and effectively cut employee compensation by demanding longer work hours, employees had no recourse.

Similarly, Twitter executives made no effort to force, or even ask, Musk to keep the company's commitments to its users or to civil society.

Musk made it clear he would reinstate the Twitter account of former President Donald Trump; Twitter removed the account because Trump had used it to plan and encourage a violent insurrection, violating Twitter's ban on violent threats.

Twitter did not have to choose between gobs of cash for shareholders and protecting employees and core values. It had room to negotiate.

It could have set aside funds for employees or given employees power to enforce contractual rights. It could have asked Musk to make some verbal promises about how he'd treat employees or how he’d handle hate speech.

But Twitter did none.

When Musk dangled the money, as Bebchuk, Kastiel and Toniolo say, it threw its employees, its morals and its stakeholders under the bus.

"Our study of the Musk-Twitter deal suggests that the importance attached to purpose and mission statements is misplaced," the authors say, drily.

Corporations cannot be trusted to care for employees or society.

Rather than relying on companies to not be evil out of the goodness of their hearts, stakeholders need to force them to fulfill obligations.

Calls for Twitter employees to unionize before the takeover look painfully prescient. Unionization can be risky in the face of corporate opposition. But it's difficult to imagine Twitter's workers being worse off following a unionization drive than they are now.

The fact that corporations simply do not care about stakeholders is also an argument for more and stricter government oversight — and for an economy that doesn't funnel so much cash and power to the wealthiest.

Corporate leaders will say they care about workers, the environment, civil society, fighting racism. But the evidence suggests they're lying.

Labor power and democratic checks are the only things that will force the wealthy to care about anything but their own wealth. Left to their own devices, corporations and the plutocracy will do to everyone what Musk and Twitter's former management conspired together to do to Twitter.

READ MORE: Elon Musk finds it 'concerning' that an AI chatbot won’t utter racist slurs

The GOP is coming for your Social Security and Medicare

They are coming for it following an election in which they notably failed to tell voters they were coming for it, and sometimes denied outright that they were.

It’s another sign of the Republicans’ increasing hostility toward the democratic process and democratic accountability. They lie to, mistrust and ignore voters — not just of the opposing party, but of their own.

The planned assault on the most popular programs in American politics shows why Republicans keep losing elections. It also shows that our democracy has weakened to the point where universal public opposition is not enough to prevent vindictive authoritarian politicians from harming their constituents.

READ MORE: Watch: Proof of Republicans repeatedly calling for cuts to Social Security and Medicare

In the 2022 election, the Republicans ran on a scattershot of issues.

Their main talking point was inflation, which they denounced. A lot. They had few plans to reduce it, but they agreed it was bad and Biden’s fault.

Republicans also blamed crime on Democratic policies.

Inflation was falling by November, however, and the data suggests violent crime also fell. Neither issue resonated with voters, which is why the Republicans had the worst midterm outing of an opposition party in decades.

READ MORE: That time the old man handed them their asses

One issue the GOP did not run on?

Gutting Social Security.

they scrambled to assure voters they were not.

Florida Senator Rick Scott, the chair of the National Republican Senatorial Committee (NRSC), did encourage the party to run on attacking Social Security. He proposed legislation that would sunset all federal legislation in five years.

That would mean Social Security and Medicare would have to be restored every five years. A minority of Republicans could end them with the filibuster.

Scott’s plan was radioactive. Social Security is incredibly popular. Ninety-six percent of Americans support it, including more than 90 percent of Republicans.

Medicare is popular. Of adults 65 and older, 94 percent report being satisfied or very satisfied with it.

Predictably, some Republicans ran away from Scott’s scheme.

Senate Majority Leader Mitch McConnell publicly and explicitly repudiated it. Then-House Majority Leader Kevin McCarthy didn’t endorse the plan either.

Democrats said Republicans wanted to destroy the programs. But since Republicans said they didn’t, the mainstream media largely ignored them.

Washington Senator Patty Murray, for example, said the Republicans were planning to end Social Security and Medicare. But Glenn Kessler, the Washington Post’s fact checker, insisted her claims were false and gave them four Pinocchios.

“Don’t worry, seniors,” Kessler declared.

“This is yet another example in which Democrats strain to conjure up a nonexistent GOP plan regarding Social Security and Medicare.”

2022 is behind us. We have held an election in which Republicans said they would not come for massively popular entitlements, and in which the pundit corps assured us the Republicans would not come for massively popular entitlements.

So of course Republicans are coming for massively popular entitlements.

The Republican House wants to drastically curtail federal spending purportedly in the name of fiscal health. But really (given their support for massive tax cuts for the rich) they want to cut spending just because they hate the social safety net.

The GOP has targeted health care and education spending. But some members of the caucus have also proposed special panels to target Medicare. They also want to target Social Security by raising the retirement age to 70 for younger Americans.

Since Democrats control the Senate and the presidency, the House would under normal circumstances be unable to pass this extremely unpopular measure.

However, a small number of Republicans hope to use the looming debt ceiling crisis to blackmail Democrats into cuts.

If Congress does not raise the debt ceiling, the US will default on its debt. That would create a massive financial collapse and panic, probably plunging the world into a deep recession and causing widespread and unnecessary suffering.

Republicans say they will not raise the ceiling unless Democrats capitulate on all of their spending demands.

Again, Social Security and Medicare are exceedingly popular with Republicans. This is why Republicans did not run on attacking the program in 2022. It’s why even former President Donald Trump has urged Republicans not to cut them.

Yet GOP House members, fresh from a historic and humiliating defeat, seem bent on defying their own.

It seems bizarre.

But it’s the logical endpoint of a party that has embraced voter suppression and outright denial of election results.

The GOP doesn’t try to win elections through appeals. It tries to win them through suppression. When they lose, candidates don’t adjust; they simply insist the Democrats rigged the results.

Moreover, their tactics are effective.

Gerrymandering has enabled Republicans to maintain supermajorities in state legislatures even when beaten statewide.

Republicans have only won the popular vote in a presidential election once in the last 30 years. But thanks to the Republican lean of the Senate and the Electoral College, they now have a supermajority on the Supreme Court.

The GOP knows they are a minoritarian party. They know they don’t need to win votes to hold power.

As a result, Republicans are increasingly hostile to small-d democratic values and the democratic process generally. The party works, not to be accountable to voters, but to sever and undermine measures of accountability.

The upshot is a bunch of lawmakers insulated and alienated from their own voters, pursuing ideological policies at the behest of donors heedless of, and even contemptuous of, public input or preferences.

Part of the reason the media doesn’t believe the GOP will destroy Social Security is that it would be devastatingly unpopular.

But authoritarian rulers are only fitfully concerned with public opinion. The GOP is capable of passing policies that would immiserate the country and harm their own.

Hopefully they can be stopped this time.

But after this debacle, it would be helpful if the media acknowledged in future elections what is actually at stake when the Republicans win.

READ MORE: 'Acting like jackasses':Joe Scarborough rips GOP as 'dumbest political party that’s ever existed'

In Iowa, Republicans show contempt for the poor

The Iowa Republican party is proposing draconian new restrictions on what food can be purchased with the state’s food stamps, or Supplemental Nutrition Assistance Program (SNAP).

This attack on the poor at the state level is coming at the same time as the national GOP has successfully blocked the continuation of the Child Tax Credit, a program which substantially, demonstrably reduced child poverty.

The GOP’s priorities are clear. They don’t want to reduce poverty. They want to police, control and torment the poor. The party that constantly touts liberty doesn’t want liberty for all. They want liberty for the powerful to impose their will on the most vulnerable.

READ MORE: 'Everyone in the territory is disenfranchised': Washington DC should replace Iowa as first presidential nominating contest

Republican ire

SNAP is a crucial safety net and the country’s most effective anti-hunger program. In 2021, it ensured that 41 million Americans — 12 percent of the population — could afford an adequate diet every month.

SNAP also provides valuable emergency economic stability. SNAP enrollment increases in downturns, putting money into the economy to combat recession and boost recovery.

Despite its importance, or because of it, SNAP has long been a target of Republican ire.

READ MORE: Mike Pence teases a presidential run in Iowa stump speech for Republican midterm candidates

Matthew Gritter’s 2017 monograph Undeserving: SNAP Reform and Conceptions of the Deserving Poor chronicles how politicians have moved to regulate food stamps in recent decades. They’ve tried to put limits on what foods could be purchased and to prevent people without disabilities or dependents from getting aid.

They’ve also pushed drug testing — an idea introduced by former KKK leader and Louisiana Senator David Duke, and instituted in states like Florida and Utah.

Gritter concludes in an earlier paper that the goal of these interventions appears to be to replace “a safety net of last resort” with “a costly method to impose punitive measures on the poor.”

“Evidence suggests that reforms will reduce enrollment without changing the circumstances that led people to seek assistance,” he says.

Iowa is the latest attempt to target SNAP.

Canned tuna and salmon

The new bill, House File 3, would put harsh limits on what low-income families could purchase in Iowa when receiving federal SNAP food stamp funds for healthy food options.

It would restrict purchases to those covered by the Women, Infants, and Children (WIC) program, which uses federal funds for food assistance to pregnant people and new parents.

According to the Iowa Hunger Coalition, “this bill would restrict SNAP participants’ ability to make their own food choices, take food away from Iowans, and increase hunger and food insecurity in our state.”

Families under House File 3 could no longer buy white bread, American cheese, coffee, snack foods, canned fruit and vegetables, bottled water, crackers and more.

They also couldn’t buy any meat except canned tuna and salmon. This despite the fact that meat, poultry and seafood is the top expenditure category for SNAP recipients, accounting for 19 percent of money spent on food.

The Iowa GOP also wants a limit of $2,750 on household assets for receiving SNAP benefits; the cap is raised to $4,250 in assets if one family member is over 59 or is disabled. Houses and one vehicle would be excluded. Children’s savings accounts would not.

These low caps mean that people could not save for emergencies, because doing so would mean they would lose SNAP benefits. Nor could they own a second vehicle — a necessity for getting to work in many rural areas.

Historic low

The assault on SNAP is ugly because we have just conducted a sweeping experiment demonstrating that no-strings assistance to the poor is wildly successful at lifting children out of poverty with virtually no downsides.

The expanded Child Tax Credit instituted in 2021 provided monthly cash payments to low-income families with children. It closed a loophole that prevented the poorest families from receiving assistance, and increased payments for everyone.

The result? Child poverty dropped to a historic low of 5.2 percent.

Lawmakers allowed the expanded CTC to expire.

Inevitably, child poverty rates went back up.

Lawmakers refused to renew the expanded CTC in part because, mirroring attitudes towards SNAP, they believed that the people receiving the money were not deserving.

West Virginia’s conservative Democratic Senator Joe Manchin said he was worried parents would use benefits to buy drugs. He also wanted to institute work requirements for recipients.

But increasing restrictions prevents the neediest people from receiving benefits. It also may prevent people from working.

A study of those in line to receive CTC funds found that recipients believed the additional money would allow them to pay for childcare and increase their work hours.

Sure enough, in studies of the program conducted after it expired, there was no evidence that CTC payments reduced workforce participation.

Undeserving

We know that SNAP is effective at reducing hunger. We know that simply giving people money, without conditions, is an incredibly effective means of pulling children out of poverty.

But conservatives don’t care. That’s because they’re not actually concerned with helping the poor.

They are concerned with policing them.

Conservatives want a poverty policy that is focused on preventing people from accessing benefits. The goal is to punish the undeserving. And all poor people are assumed to be undeserving.

The success of the CTC shows that poverty and hunger are not intractable problems. They are deliberate policy choices.

The wealthy and powerful impose misery on the poor because they believe desperate people are more tractable and less able to organize.

Or perhaps they attack the poor simply because they don’t like the poor and believe they should suffer.

In any case, the expiration of the CTC, and the Iowa GOP’s assault on the SNAP program, shows that neither the pandemic nor the 2022 midterms have changed Republican commitments. GOP politicians like to cosplay as champions of the working class.

But the truth is they hold people of modest means in contempt and relish the chance to take food out of their mouths.

READ MORE: 'This is on you': NRA-backed Chuck Grassley and Joni Ernst blasted following mass shooting at Iowa church

Nick Bostrom's perfect congruence with bigotry: How Effective Altruism buttresses the suffering of the world

Nick Bostrom is one of the most important present-day philosophers of philanthropy and charitable giving. This month he apologized for a hideously racist email he wrote back in 1995.

In doing so, he inadvertently showed that racism and philanthropy can happily coexist. He also showed that philanthropy is often deployed to buttress racism, and vice versa.

Sounding sage

READ MORE: Scholars and lawmakers are outraged over DeSantis’ rejection of AP African-American curriculum

Bostrom isn’t quite a household name. But he’s a central figure in the Effective Altruism movement, dedicated to rationalizing philanthropy.

Specifically, he’s known for his contributions to longtermism — a philosophical argument that future people are as valuable and morally important as present-day people.

He argues that we need to balance the fate of future humans in our ethical choices and philanthropy.

That sounds sage enough.

READ MORE: Russell Banks, John Brown, and the American soul

However, in practice, longtermism is obsessed with developing artificial intelligence and with bringing about a future in which countless billions and trillions of digital “people” can flourish in computer simulations.

As I’ve discussed at the Editorial Board, this quasi-religious science-fiction fantasy has led Effective Altruism groups like OpenPhilanthropy to donate more money to AI research than to eradicating malaria.

“I like that sentence”

Bostrom’s feverish speculations about the upsides and downsides of future AI have been enthusiastically endorsed by numerous self-styled thought leaders.

Elon Musk blurbed Bostrom’s 2014 book Superintelligence: “Worth reading. … We need to be supercareful with AI”.

Nate Silver did as well, claiming the book was “very deep … every paragraph has, like, six ideas embedded within it.”

Bostrom’s latest has received fewer accolades.

In early January, he learned that philosopher Émile P. Torres had discovered an ugly, racist email Bostrom had written on the Extropians listserv, a futurist forum he participated in back in the mid-1990s.

Bostrom decided to get ahead of the potential scandal by releasing the email himself, along with an apology.

The old email argues for the virtue of blunt, offensive communication. It then quickly descends into deeply vile and ugly racist bilge.

As an example of blunt communication, Bostrom writes the sentence “Blacks are more stupid than whites.” He then says, “I like that sentence and think it is true.”

He says that in his view, people who read that sentence will think he is racist, even though he is just plainly stating his own beliefs based on his reading about IQ.

He worries that people will think he is essentially using the n-word. Then he actually uses the n-word to illustrate.

Bostrom in his apology says, “I completely repudiate this disgusting email from 26 years ago.” Specifically, he says that “the invocation of a racial slur was repulsive.”

He’s right; the invocation was repulsive.

But so was the claim that Black people are less intelligent than white people. And there, Bostrom’s apology is much less straightforward.

The supposed morality

Rather than simply repudiating the racist idea that white people are smarter than Black people, Bostrom hedges.

He says he now believes “it is deeply unfair that unequal access to education, nutrients and basic healthcare leads to inequality in social outcomes, including sometimes disparities in skills and cognitive capacity.”

He also says that it’s possible that there is a biological element to cognitive differences, but that it is “not my area of expertise.”

Bostrom goes on to insist that he does not support eugenics, as it is “commonly understood.” But he can’t resist suggesting that eugenic enhancements to fetuses would be ethical and cool, and linking a bunch of his papers on the topic.

In summary, Bostrom now believes that screaming the n-word on a listserve is bad, and that discourse should be more civil.

Otherwise, he uses more civil discourse to soft-pedal the fact that he still thinks that maybe Black people are not as intelligent as white people, and is in favor of eugenic ideas that have long been associated with racism.

As part of deflecting from his actual immoral ideas, Bostrom appeals to the supposed morality of his philanthropic giving.

Perfectly congruent with bigotry

He says that his concern with environmental and health inequities which affect Black people has led him to contribute to charities “fighting exactly this problem,” including “SCI Foundation, GiveDirectly, the Black Health Alliance, the Iodine Global Network, BasicNeeds and the Christian Blind Mission.”

These organizations do valuable work. But using one’s contributions as a way to deflect or neutralize charges of racism is less admirable.

Bostrom is saying, “I give to charities that help Black people” the same way he might say “I have Black friends.”

The main difference is that “I have Black friends” at least shows that one can imagine a relationship of equality with some Black person.

Touting one’s charitable giving, in contrast, presents you as a benefactor, and suggests that Black people should be grateful for your largesse.

Bostrom points to his philanthropy to show that he does not harbor prejudice. But philanthropy is often deeply antidemocratic, and congruent with the belief that wealthy (generally white) people are best suited to make decisions for everyone else.

Émile P. Torres says that in his research on the longtermism community, he spoke to one researcher who said, in Torres’ paraphrase, that “only once he came to realize that some races are inferior to others could he muster sympathy to donate to help the global poor.”

Philanthropy is often inextricably linked to a sense of superiority and condescension, which is perfectly congruent with bigotry.

Unequal and unfit

Along those lines, now Canadian Deputy Prime Minister Chrystia Freeland, writing in 2012 about the new politics of wealth, explained that super-rich donors love to give to their own pet projects — museums, symphonies, AI research — but hate being taxed to help support government services.

She warns that philanthropy “must not replace or, worse yet, usurp, public policy as formulated and implemented by our society as a whole.”

Private giving can make society more hierarchical, less democratic and less egalitarian when money is directed at the behest of the wealthy rather than in accord with democratic priorities. The conviction that wealthy people know best means that donors don’t listen to those who need money, and therefore often fail to help them.

Anthony Kalulu, a Ugandan who has spent much of his life in deep poverty, notes that less than 1 percent of development and charitable assistance goes directly to grassroots organizations in the global south.

Kalulu says that 99 percent “of antipoverty funding stays in the hands of the global development sector, which means western agencies.” Virtually none of the money reaches his impoverished region of Uganda.

Part of the problem, Kalulu says, is that western media, and western donors, tend to view Africans and people in the global South as less “legit” and innately untrustworthy.

That chimes very uncomfortably with Bostrom’s assertion — in his original 1995 email, and in his 2023 explanation — that Black people may be less intelligent than white people.

Bostrom’s philosophy and his writing are at the core of important philanthropic communities and movements. Bostrom also, in the past and currently, holds racist ideas about Black people’s intelligence.

Bostrom’s ethical commitment to imaginary digital people living in a future simulation is closely tied to his view that certain people in the present are biologically unequal and unfit.

No utopia

Effective Altruism is committed to contributing to the best, most effective charities — to using money in ways that will most powerfully help people.

But when philanthropy is focused on the preferences and the virtues of donors, without input from those affected by their donations, effectiveness, and for that matter virtue, is going to be badly skewed.

Racism is one of the most pernicious and intractable causes of suffering and inequality in the world. And a philanthropy rooted in racist ideas will not alleviate injustice and poverty.

Nor, contra Bostrom, will racist ideas lead to utopia, no matter how you run your simulation.

READ MORE: DeSantis requests course data on CRT from state colleges to prevent 'far-left woke agenda' from taking over

The Biden administration moves to end noncompete agreements and worker exploitation

In 2014, if you made sandwiches at Jimmy John’s and quit, you were barred by contract from making sandwiches anywhere else for two years. You couldn’t work within two miles of a Jimmy John’s store that made more than 10 percent of its revenue from sandwiches.

Jimmy John’s sandwich makers were forced, as a condition of employment, to sign noncompete agreements — a legal clause preventing employees from leaving to work for a competitor.

Most people think that only highly paid employees privy to trade secrets or other sensitive information are bound by noncompetes.

READ MORE: FTC chair: Non-compete clauses 'inflict major harm across the economy' and 'drive down wages'

In fact, noncompetes are widespread in many industries, and their use, and abuse, has been growing.

Even interns

Jimmy John’s was forced to settle a lawsuit over their ridiculous, noncompetes. Others may also have to abandon the practice soon.

The Federal Trade Commission (FTC) has proposed a rule to ban almost all noncompete clauses. The FTC has made preliminary findings that noncompete clauses are an “unfair method of competition” that violate Section 5 of the Federal Trade Commission Act.

READ MORE: 'Thrilling': Federal Trade Commission lauded for proposing a ban on employer non-compete clauses

The FTC estimates that the change would increase worker wages by nearly $300 billion a year, because workers would be freed to leave their old employers to find new jobs with higher salaries.

The agency notes that noncompetes are used in a wide array of industries; hairstylists, warehouse workers, doctors and executives are all forced to sign noncompetes.

Amazon has forced temporary warehouse workers to sign 18-month global noncompetes. Amazon has demanded that laid-off workers recommit to their noncompetes to receive severance pay.

Even interns have been forced to sign noncompetes — though the whole point of an internship is for interns to gain experience so they can work in jobs in the industry where they are interning.

They are now ubiquitous

A 2014 survey of workers found that about 18 percent of the workforce was under noncompete agreements. A 2019 survey of businesses by EPI put the number much higher. It found that about half of all businesses use noncompetes, and that those agreements cover between 27.8 percent and 46.5 percent of all workers.

Part of the difference is probably methodology. Many workers sign noncompetes as part of their enrollment paperwork, and may not realize it. So surveying businesses is a more accurate number.

But the increase between 2014 and 2019 is likely also an indication that noncompetes have become more ubiquitous.

EPI believes that the rise in noncompete agreements may have contributed to the longterm stagnation of US worker wages; real compensation for US workers has not increased in roughly 40 years.

Noncompetes may have added to the decline in labor market fluidity.

Commenters often claim that workers are less bound to single firms than they were in the past. But the truth is that workers have been less and less likely to seek new jobs since the early 80s.

The use of noncompete agreements and other restrictions on workers’ rights, like mandatory arbitration agreements, which deny workers recourse to the courts, may be making it harder for workers to leave one employer for another, according to EPI.

Workers generally have little power to refuse to sign noncompetes. The 2014 study found that only 10 percent of workers negotiate their noncompetes. About a third of employees are told about the noncompetes after they have already received a job offer.

Being bound to a noncompete increases the length of time an employee spends in a job by 11 percent —indicating that people stay in jobs longer because the noncompete prevents them from looking for better employment elsewhere.

One study found that in states that do not enforce noncompetes, worker wages in the same occupation were 4 percent higher than in states with noncompete enforcement. There is also evidence that noncompetes suppress wages even for workers who are not subject to them, and even in states where they are not enforced.

Noncompete clauses prevent employees from leaving jobs to create their own firms. High enforcement of noncompete clauses decreases entrepreneurship by 12 percent.

“Locking up workers”

These negative effects are not an accident. They are the very purpose of noncompete clauses. The goal of suppressing competition is right there in the name.

Businesses make workers sign noncompete clauses because they want to make it harder for workers to seek other jobs. The clauses leverage corporate power to force employees to sign away their future freedom and future choice.

Under noncompete clauses, workers can work for one employer in their chosen profession, or they can work for no one.

That’s obviously exploitative.

“Noncompetes are basically locking up workers, which means that they’re not able to match with the best jobs for them,” FTC Chair Lina Khan told the Post. The new rules would “force employers to compete more vigorously over workers in ways that should lead to higher wages and improved working conditions, basically injecting competition into the labor market.”

The proposed new rule would make it illegal for employers to enter into noncompete agreements with workers. It would also force them to end existing noncompete agreements and to inform all workers that these agreements are no longer in effect.

More freedom, more power

There are still many other agreements businesses can leverage in abusive ways to reduce employee freedoms. Businesses can still force employees to agree to mandatory arbitration. They can still enforce non-disclosure and non-disparagement agreements.

Elon Musk can still make a meager severance package for ex-Twitter employees contingent on them never suing the company and never speaking ill of him for life.

Ending noncompete agreements would give workers much more freedom and much more power, though. It’s a major step on behalf of labor and shows a welcome willingness by the FTC to curb corporate overreach.

It’s also a reminder that even with the House of Representatives under the control of Republicans, the Biden White House has many tools with which to limit the power of the wealthy and thereby improve the lives of everyone else.

READ MORE: Biden applauded for executive order targeting 'insidious' anti-worker practices

Secure Act is a good but small step in relieving student-debt

In one of its last acts of 2022, the Biden administration and the Democrats in the Congress passed a measure that reaffirmed their commitment to addressing the student-loan debt crisis.

The measure was buried in the Secure Act 2.0, an overhaul of the retirement system. That act was itself buried in the end-of-year $1.7 trillion spending package (known as the omnibus) that included $45 billion in aid to Ukraine and vital fixes to the electoral system.

Given those items, it’s not surprising that student debt got lost.

READ MORE: Joe Biden extends student loan payment freeze as 'baseless political lawsuits' threaten aid

Still, with Joe Biden’s debt relief package held up in court, the Secure Act 2.0 is a hopeful indication that the president and the Democrats continue to look for ways to help those crushed by student debt.

Debts literally doubled

Secure Act 2.0 includes a number of provisions to encourage savings and make retirement accounts more flexible. It raises the age at which workers must begin to take minimum distribution from retirement savings from 72 to 75 by 2033. It also allows older workers to increase the amount put away for retirement.

The act permits employees to withdraw $1,000 from retirement accounts without penalty “for purposes of meeting unforeseeable or immediate financial needs relating to necessary personal or family emergency expenses.” It also encourages companies to help them set up emergency savings accounts using payroll deductions.

READ MORE: Email error leaves millions of student loan relief applicants 'in limbo': report

The hope is that these measures will provide people with more of a cushion if they are faced with a sudden financial shock.

Another important provision requires employers to make their 401(k) enrollment opt-out rather than opt-in. Employees are automatically enrolled unless they specifically say they don’t want to be.

Finally, Secure Act 2.0 makes it easier for workers with student debt to save for retirement.

Average student debt for college graduates is around $30,000. One study found that students take an average of 21 years to pay off their debts. That means that people are paying off student loans into their 40s—when they should, in theory, be working to save for retirement.

One survey found that 84 percent of adults said student loans limited the amount they can put away. For those who were not saving any money at all, 26 percent said student loans were the main barrier.

Generally, employers match employee contributions to retirement accounts. If employees are paying off student loans, though, they may not be able to put any money into their retirement. That means they don’t get employer-matching funds either.

The harm from student debt is literally doubled.

Secure Act 2.0 treats student loan payments as retirement payments for matching purposes.

In other words, it allows employers to make matching contributions to employee savings accounts when employees make student loan payments. For instance, Abbott Labs started a program in 2018 that allowed employees to put 2 percent of their pay towards student loans and receive 5 percent of their pay from their employer in their 401(k). Some 1,900 employees have participated in the program.

Abbott’s savings plan predates the Secure Act 2.0. The new law formalizes structures for such savings plans, though, so employers setting them up don’t run afoul of the IRS. It will hopefully make it easier for more businesses to inaugurate these programs.

A broad constituency

The Secure Act 2.0 is at best a small effort to ameliorate the massive student debt crisis. Only 79 percent of Americans work at places with a 401(k) plan, and only 41 percent of those contribute to it. Even fewer people are going to work for employers who match student loan contributions.

As far as helping workers with student debt save for retirement, Biden has already done much more than Secure 2.0 by pausing student loan payments.

The payment pause began under Donald Trump in early 2020 at the beginning of the pandemic. Biden extended it throughout his two years in office. The most recent extension pauses payments through at least June 30, 2023.

Biden has also forgiven a substantial amount of student debt — or tried to. Using executive authority, he has erased up to $10,000 in debt for borrowers with less than $125,000 in income, and up to $20,000 in debt for Pell Grant recipients.

He’s also reduced monthly payments and drastically reduced interest.

Obviously, reducing payments, interest, and eliminating debt outright all would make it much more feasible for those with student loans to save for retirement. And the Biden administration has already approved 16 million people for relief.

Unfortunately, Republicans have managed to use the courts to stall debt relief, which is now on hold awaiting a hearing before the Supreme Court. As the Biden administration noted, Republican cruelty and petty intransigence “leaves millions of economically vulnerable borrowers in limbo.”

On the merits, it seems clear that the federal government and the Education Department should have the authority to restructure loans. But the current activist conservative Supreme Court has already shown it is willing to ignore the law and even the facts in a case in order to arrive at Republican-preferred decisions.

The Secure Act 2.0, though, passed in an omnibus spending bill that received bipartisan support in both the Senate and House.

Some Republicans, at least, are willing to acknowledge that crushing student loan payments are bad. Saddling teenagers with debt so severe that it makes it impossible for them to ever retire is cruel, nonsensical policy.

That doesn’t necessarily mean the GOP is going to be a partner in further efforts to roll back student debt. But it does indicate that there is a broad constituency for student debt relief.

Good but not enough

Employers should take advantage of Secure 2.0 to provide matching contributions for employees making debt payments. The Supreme Court should let Biden’s debt relief plan go forward. And Congress should consider proposals to zero out college tuition at state schools.

College should provide people with opportunities, not close them down. The Secure Act is a step in the right direction.

But we need more than a step.

READ MORE: Bernie Sanders demands Congress reform 'absurd' health care and education systems in 2023

Worshiping the elevated rational choices of the rich is no way to a better world

If a school of philosophy can be considered hot or hip, Effective Altruism (EA), an intellectual movement arguing for rational philanthropy, is hot and hip. But after the dramatic collapse of billionaire EA proponent Sam Bankman-Fried’s cryptocurrency empire, EA has been faced with a PR disaster.

How could a philosophy designed to promote generous giving have instead led to federal charges of fraud, conspiracy, money-laundering and campaign finance violations?

Leading EA philosopher William MacAskill condemned Bankman-Fried and argued that the philosophy opposed “ends justify the means” reasoning. That is to say, MacAskill does not condone fraud as a means to raise money for worthy causes.

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MacAskill and others are still committed to EA. But there’s a strong case that the philosophy lends itself to the uncritical elevation of supposed tech finance innovator geniuses like Sam-Bankman Fried.

Lack of accountability is baked into EA. In many ways, the philosophy is an algorithm not for helping the poor, but for hoarding virtue and power in the hands of those who already possess it.

The most efficient

According to the Center for Effective Altruism, EA “is about using evidence and reason to figure out how to benefit others as much as possible, and taking action on that basis.”

READ MORE: Republicans don’t serve their states. They immiserate them

Even in that short definition, it’s clear that EA is focused on the decisions and the viewpoint of those with money. Those with funds are tasked with using reason to benefit others.

This is not a philosophy of self-advocacy.

Nor does it suggest asking people what they need.

The emphasis on reason, efficiency and the role of technocratic arbiters links EA to what sociologist Elizabeth Popp-Berman refers to as the “economic style of reasoning.”

Berman argues that before the 1960s and 1970s, progressives often made arguments on the basis of a universal right to health, equity and security. Arguments like these, founded on claims of human dignity and empowerment, helped pass universal programs like Social Security and Medicare.

However, during the 1970s and later, as part of a conservative backlash to the civil rights movement, progressives began to move away from universal arguments. Instead they started to center “efficiency.”

Efficiency meant trying to do the most possible good with the least resources. That led to a focus on means-testing poverty programs, as in Bill Clinton’s welfare reform package.

Efficiency arguments are as focused on making sure that no one gets too much as they are on trying to make sure everyone has enough.

From this perspective, if too many tax dollars go to relieve the student debt of the affluent, the debt relief policy is a failure, even if it benefits many.

Helping people in itself isn’t enough.

You must help the most people in the most efficient way.

Not even a tweet

EA takes this government turn to efficiency and personalizes it. One of the founding philosophers of the movement, Peter Singer, argues in a famous 1972 article that we have a moral imperative to use our resources in the most efficient manner possible to help others.

“People do not feel in any way ashamed or guilty about spending money on new clothes or a new car instead of giving it to famine relief. (Indeed, the alternative does not occur to them.)” Singer writes.

“This way of looking at the matter cannot be justified. When we buy new clothes not to keep ourselves warm but to look 'well-dressed' we are not providing for any important need."

According to Singer, we should all be constantly monitoring our expenditures and actions to make sure we perform maximum good. EA imagines the moral life as one of continual ethical self-regulation. We are all the Uber drivers of our own monetized virtue.

The logic is persuasive. After all, isn’t fighting hunger more important than a new shirt? Shouldn’t we eschew consumption to help those in need?

The problem is, as Berman points out, that the rage for ethical quantification tends to nickel-and-dime broader moral demands to death.

For example, Anthony Kalulu, a farmer working to end poverty in the Busoga region of Uganda, says he reached out to a hundred effective altruists. He didn’t ask for money. He simply wanted them to post on social media to draw attention to his cause.

None of them would even post a tweet. They all said they only helped the supposedly best charities, such as those vetted by organizations like Givewell.

The refusal, Kalulu says, “was already preset by EA’s creed of only supporting the world’s ‘most effective’ charities, even when the only help needed is a tweet.”

There’s waste and then there’s waste

EA encourages people to carefully regulate their generosity so they don’t provide aid to anyone who isn’t the absolutely most deserving poor.

And as Kalulu explains, the most deserving are determined by experts and technocrats at western organizations like Givewell.

These organizations prioritize western solutions like mosquito nets — which, Kalulu says, have done little to improve his region for generations.

One problem with having experts choose is that they sometimes choose wrong. This can create massive waste when giving is centralized and regimented.

Philosopher Kate Manne, for example, points out that Givewell has been advocating for deworming for years, as a simple, cheap remedy that vastly improves outcomes for the very poor.

Unfortunately, Manne explains, Givewell’s recommendation was based on a single paper that had both methodological and arithmetical errors. Givewell has funded millions to what is probably a useless remedy.

Nor have they fully admitted their error. The organization continues to advocate for probably useless deworming.

EA acolytes then use Givewell’s false recommendations as an excuse not to tweet in support of solutions proposed by people from affected communities like Kalulu.

Big red flag

Even worse, EA has also advocated for “longtermism” — the idea that helping theoretical people in the future is as important as helping people in the present.

Many longermists believe that in the future there may be billions and billions and billions of digital people living in computer simulations. Because these theoretical people are so numerous, we have a moral obligation to them that transcends our obligation to the poor now.

Therefore spending money on tech development or on enhancing human intelligence is more important than spending money on … well, anything else.

Thus, philosophers Olúfẹ́mi O Táíwò and Joshua Stein point out, the EA organization OpenPhilanthropy in 2021 spent $80 million to study risks from AI and only $30 million to the Against Malaria foundation.

The enthusiasm for this kind of egregious tech utopian nonsense among EA proponents like MacAskill is a big red flag.

The right to power

In framing virtue as a technique of self-regulation, EA has elevated technocracy to a kind of busted transhumanist theology, and technocrats to gods of the coming simulation.

EA insists that centralized credentialed thinkers should make decisions about what giving is most efficient. Input from the marginalized themselves, like Kalulu, is seen as not just superfluous, but as an actual moral error or failing.

Poor people, African people, colonized people, have no status or say by virtue of being poor and colonized. It is only those with the wherewithal to spend, and the vision to regulate their spending, who can even be said to have virtue.

Therefore, it is only they who have the right to power.

In that context, Bankman-Fried does not seem like an aberration, but rather as a fulfillment of important currents within EA.

As an expert with a great deal of money, he saw himself as better than, and unaccountable to, others with less money and supposedly with less expertise.

Many effective altruists are sincere and want to do good.

But worshiping the elevated rational choices of the wealthy is not a way to a better world.

READ MORE: Poverty: The sleeping giant of American life

Republicans don’t serve their states. They immiserate them

Joe Biden and the Democrats are desperately trying to salvage the Child Tax Credit expansion, which pulled millions of children out of poverty.

Reducing child poverty is especially beneficial to families in red states, where poverty is most entrenched. Yet opposition to the expansion has come from Republicans and from red-state Democratic Senator Joe Manchin of West Virginia.

Pundits and Republicans often claim that Democrats are out of touch with the working class and need to cater more to rural red-state voters. Yet it is red state politicians who are working tirelessly to impoverish children in their own states. In this, as in many things, the GOP is not the party fighting for red states. It’s the party fighting to immiserate them.

READ MORE: 'Absurd but also dangerous': WaPo Editorial Board torches Ron DeSantis' war on COVID-19 vaccines

A most hopeful policy

As I’ve said before in the Editorial Board, the Child Tax Credit — or Social Security for children — was one of Biden’s most successful and hopeful policies.

The Child Tax Credit (CTC) was instituted in 1997 in limited form. But the American Rescue Plan Act of 2021 turned the program into what was essentially a sweeping basic-income provision for poor families with children.

Annual payments increased from $2,000 to $3,600 per child under 6 and $3,000 per child ages 6-17. A loophole excluding parents with the lowest incomes was closed. And checks were sent monthly, rather than at the end of the year in a lump sum.

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The program only lasted for six months. But in that brief time, child poverty cratered. Food insufficiency went down by a quarter. Three million children were kept out of poverty for each month the program continued.

Then the CTC ran out and could not be renewed because of opposition from Manchin and the GOP. Quickly, 3.7 million children fell back into poverty.

Manchin’s opposition is especially painful because West Virginia has the fourth-highest child poverty rate in the nation; 23.1 percent of children live below the poverty line.

Mississippi has the worst poverty rate for children at 27.6 percent. Louisiana is second with 26.3 percent. Others in the top 10 are Alabama, Kentucky, Arkansas, South Carolina and Tennessee. The only blue state on the list is New Mexico, in third place at 25.6 percent.

Reducing child poverty is obviously good in itself. But there is reason to believe that the policy had strong additional benefits, especially in red states where child poverty is most entrenched.

The libertarian Niskanen Center projected that the expanded credit could increase consumer spending by $27 billion since families who received the money were not in a position to save it, but would quickly spend it on necessities. They estimated state and local tax revenues would rise by $1.9 billion.

The consumer spending boost would be greatest overall in large states like Texas, Florida and California. But the states that would benefit most proportionally were those with the lowest average incomes like Mississippi, Arkansas, and Idaho.

More like excuses

Despite the fact that red states would likely see disproportionate benefits, Republicans are still opposing the CTC while Democrats are attempting to find some way to renew it.

House Appropriations Chair Rosa DeLauro, a Connecticut Democrat, said that Democrats were trying to include the CTC in a bill intended to make it easier for businesses to get a tax write-off for research and development expenses.

Meanwhile, Biden has indicated a willingness to negotiate with Manchin, who has insisted he would block the CTC program unless it has work and income requirements.

Manchin says he’s worried the CTC will lead people to stop working and will encourage laziness. But it’s not clear why we should punish children because of the behavior of their parents. And in any case, there’s no evidence that the CTC reduced employment among those who received it.

On the contrary, employment declined after the CTC was withdrawn, possibly because parents could no longer afford to pay for childcare or lost access to transportation.

Manchin and Republicans have also expressed concerns about the possible inflationary effects of CTC. This is a case, though, where we know that the neediest people — children in poverty — are substantially helped by the policy. An increase in inflation seems like a small price to pay for pulling children out of poverty.

And if spending is a concern, we could couple the CTC with a tax on the wealthy in order to ensure revenue neutrality.

Republican objections sound less like reasons backed by evidence or strong moral principle, and more like excuses.

The politics of cruelty

We have a program that is proven to quickly lift millions of children out of poverty with virtually no downside. Why are people from states with the worst child poverty problems determined to kill that program?

The question answers itself.

Republican politicians have long devoted themselves to entrenching poverty and crushing those in need in their own states.

They oppose the CTC for the same reason that they have fought to prevent Medicaid expansion under the ACA, contributing to rural hospital closures and exacerbating the covid health crisis.

They oppose it for the same reason that they have repealed abortion rights, even though denying women abortion access impoverishes them and their children.

Manchin’s determination to keep children of West Virginia in poverty is in line with the longstanding and successful Republican effort to keep the people of Mississippi, Louisiana, West Virginia and other red states poor, ill and desperate.

Republicans claim to speak for authentic rural America. But the policies they promote very deliberately keep rural people and their children in desperate circumstances.

The people in power in red states keep hold of it by enforcing a brutal hierarchy. Poor people, women and Black people must be constantly crushed and humiliated to keep Manchin and his GOP cronies in office.

The politics of cruelty have a stronghold, and Republicans are not likely to lose power in Mississippi anytime soon.

But we should be clear that their politics are not based on some sort of true understanding of the needs of working people. They’re built on refusing to help those who need help in their state, and on forcing children into poverty.

READ MORE: North Carolina judges rule Republicans 'acted unconstitutionally' in strategic voter suppression efforts

The midterms show once again that the biggest division between the parties is over matters of race

Democrats lose because they abandoned the working class.

Pundits and politicians have repeated that since 2016. The Democrats are, supposedly, kale-eating coastal-urban elites who focus on culture war issues and alienate meat-and-potatoes, Boss-listening heartland Americans. That’s why liberals lose.

The liberals, though, just won the Senate run-off in Georgia, capping a historic midterm victory in 2022, which followed a 2020 presidential victory, which followed a 2018 blue wave blowout.

READ MORE: James Carville: Right-wing ire over Brittney Griner is because she 'is not white and is not straight'

Maybe the Republicans are out of touch.

The least and the most

Election data shows Democratic fortunes rising and falling with low-income voters. But Democrats lead with this demographic.

Moreover, the starkest differences between the Democrats and the Republicans continue to be race and age, not socioeconomic class.

READ MORE: Why a 'bitterly partisan Republican' or 'election denier' should not be the next House speaker: conservative

In 2012, Barack Obama won voters earning under $50,000 by 22 points. Hillary Clinton in 2016 only won them by 11. Biden improved that slightly in 2020. He won voters under $50,000 by 12 points.

Biden made significant middle-class gains, though. Trump beat Clinton with voters earning $50,000 to $99,999 by four points. Biden beat Trump with them by 13 points, 17 points better than Clinton.

Though the Democrats did remarkably well for a midterm this year, their numbers still eroded from 2020. They won voters earning under $50,000, 52 to 45 percent. But they lost voters earning $50,000 to $99,999 by 45 percent to 52 percent, according to NBC.

Republicans did best, as they always do, with the wealthiest. They won those with more than $200,000 income by 58 percent to 41 percent.

Those with the most money vote for Republicans.

Those with the least vote for Democrats.

It’s race, stupid

Education complicated the picture.

The Republicans tend to do better with non-college-educated voters. In 2022, they won them 55 to 43 percent while the Democrats won voters with college graduates, 54 to 44 percent. That’s an improvement for Republicans. In 2020, it was 50 to 48 percent.

A Post report pointed out that Trump in 2016 did well with non-college-educated voters, but these voters tended to have relatively high incomes. In other words, Republicans have particular strength with people who are high-earning and lack college degrees.

Many are white. They inherited businesses or wealth. Trump and the Republicans appeal not to those in dire economic straits, but those anxious about the erosion of racial privilege and status. In fact, the most striking difference between Democrats and Republicans?

Race.

The big demographic surprise

In 2022, the Republicans won white voters 58 to 40 percent. The Democrats won non-white voters 68 to 30 percent.

That’s right in line with 2016 when the Republicans won white voters by 58 to 37 percent, and with 2020, 58 to 41 percent.

The contrast with Black voters is dramatic.

The Democrats won them in 2022 by 86 to 13 percent – almost identical to 2020 when Biden won them 87 percent to 12 percent.

The big demographic surprise this year for Democrats was young voters. Voters under 30 made up about 12 percent of the electorate, which is consistent with their turnout in past years.

However, Democrats won voters under 30 by 28 points, up from 26 points in 2020. It’s up even more substantially from 2016 when Clinton won 18-24-year-olds by 21 points and 25-29-year-olds by 14.

The Democrats did especially well with young women, who were probably inspired by opposition to the Supreme Court’s anti-abortion Dobbs decision. Fully 72 percent of women 18-29 voted for Democrats in House races. In a key Pennsylvania Senate race, Democrat John Fetterman won 77 percent of young women.

The strong youth vote for the Democrats reflects in part that younger voters are more diverse than older ones. As of 2019, less than half of children under 15 are white. That’s ominous for the GOP, which relies on running up the numbers with white voters.

Working people are important to any coalition, and the Democrats’ support of working people hasn’t been consistent. Even so, GOP support for working people is nonexistent. They’ve blocked minimum wage bills; unified to support an increase in child poverty. Their one consistent principle is fighting to keep billionaire taxes low.

No wonder people with low incomes vote against them.

No wonder young people consistently vote against them.

Who’s facing disaster?

Pundits warn that Democrats face disaster if they don’t do better for working people, but Republicans have lost three elections in a row. They need to support working-class policies and stop assaulting women, Black people and LGBT people, or face generational loss.

The Republicans have never been the party of the working class. But if they don’t work to appeal to mainstream voters, they may soon be the party of aging wealthy white men. That is not a winning coalition.

READ MORE: 'We would have won': Marjorie Taylor Greene says Capitol rioters should have been fully 'armed'

We may be at the beginning of a new era of labor power

Despite major tech layoffs and ongoing fears of a recession, unemployment in the US remains low. In the long term, businesses are likely to continue to struggle to fill positions. That creates an opportunity for unions. And there are encouraging signs that workers are seizing the moment.

There’s no doubt that the economy is slowing, with ugly consequences for some workers. Tech companies have been laying off employees at a brutal rate. Amazon plans to lay off about 10,000 workers. Hewlett-Packard has announced plans to lay off 4,000 to 5,000 people in the next few years.

NBC estimates tech layoffs this year could hit more than 137,000.

READ MORE: Know thine enemy: Time to strike

Higher interest rates and a slowing job market contributed to a 3.7 percent unemployment rate in October, higher than the 3.5 percent estimate.

Job gains were lower than in any month since December 2020. Many economists still expect a recession in 2023. That’s the bad news.

The good news is that the non-farm economy still gained 261,000 jobs in October, higher than the estimated 205,000, and barely down from 263,000 in November. Overall, the economy grew faster than expected in the third quarter. Relatively low unemployment seems likely to continue in the long term, despite short-term variations.

There are two reasons for that.

READ MORE: 'Another happy jobs day': Economists cheer 'amazing' report as jobs growth beats expectations

An aging workforce and falling immigration.

Shrinking workforce

The median baby boomer turned 65 in 2022, and the pandemic has encouraged retirements. In the third quarter of 2021, 66.9 percent of people between 65 and 74 were retired, up from only 64 percent in the same quarter of 2019.

Economists thought that some of these retirees might return to the workforce, but that hasn’t really happened. Instead, retirements have continued high, contributing to workplace shortages.

Net migration to the US has collapsed simultaneously thanks to Trump era restrictions and the pandemic. Net migration to the US in 2021 was the lowest in decades. Only 247,000 people were added to the US population through immigration, in comparison to 568,000 in 2019 and more than 1 million in 2016.

According to one estimate, the US has a deficit of 1.4 million immigrant workers relative to pre-pandemic trends.

Little wonder, then, that US employers have struggled to fill positions, even as covid restrictions have largely ended. Some industries do have a surplus of workers now, like construction and mining. But others, like hospitality, education and health care, continue to have widespread vacancies.

In the first nine months of fiscal year 2022 (October to June), union election petitions were up 58 percent over the same period in 2021.

Moreover, unions won 641 of those elections—the highest number of union victories since 2005. The win rate of elections has been 76.6 percent, as high as any success rate since 2000.

Union boom

Not coincidentally, the industries where employers need more workers are also industries that have seen an increase in worker organizing.

The single company contributing most to unionization success is Starbucks. The first three Starbucks stores filed union election petitions in August 2021. In the next eight months, almost 250 stores followed suit.

Traditionally, food and drink retailers like Starbucks have had dismally low union participation. In 2021, 1.2 percent of workers in the sector were unionized, according to the US Labor Department.

An NPR analysis found that 10 years ago only 4 percent of union election petitions came from the accommodations and food service industry. In the beginning of 2022, in comparison, the sector was responsible for 27.5 percent of union election petitions.

Starbucks workers have organized heroically in the face of a vicious union-busting campaign by CEO Howard Shultz. Among other tactics, Shultz is accused of illegally boosting benefits and wages, but only for non-union employees.

Their efforts have been aided by the labor crisis in the industry. Many Starbucks locations, like businesses throughout the hospitality industry, have faced major shortages.

Pandemic disruptions to higher education also gave graduate students and adjuncts more leverage in dealing with university employers. In 2020, four universities signed contracts with graduate student unions, doubling the total number of private institutions with union agreements.

These successes helped to boost a long-term trend. Over the last 10 years, faculty union chapters at private schools have increased by 80 percent.

This month 48,000 academic workers at the University of California declared a strike that has entered its third week as they call for better pay, benefits and job security. The strike includes postdoctoral scholars, teaching assistants and graduate students, and has disrupted classes and laboratories.

A new day for labor

Wages have been stagnant for four decades in the US. Suddenly workers are at a premium, but wage growth continues to lag inflation. It’s no wonder that workers are using their greater power to unionize.

Unionization is a solid strategy for raising stagnant wages. Non-union workers make only 83 percent of unionized weekly earning. But unions ultimately raise wages for all workers.

One report estimated that the decline in unionization from 1979 to 2017 cost the average worker the equivalent of $3,250 a year. Deunionization depresses the wages of middle-wage earners more than those of high-wage earners, and so contributed to the 23-point growth in the wage gap between high and middle earners over the same period.

If the US moves back toward higher union concentration, it will move toward a stronger, more affluent middle class, and less inequality.

The business class and rightwing politicians oppose this. President Biden tried to get a bill through Congress allowing the National Labor Relations Board to fine labor law violators this year. It passed the House, but Republicans and conservative Democrats in the Senate killed it.

But the long-term trend of labor shortages in key industries, and organizing momentum in new sectors, is a promising development.

If we’re lucky, we may be at the beginning of a new era of labor power.

READ MORE: 'Profits over people': Senate rejects paid sick leave for rail workers

On aid to Ukraine, the Republicans are jammed

The Democrat’s surprising strength in the midterms has been framed mostly as a rebuke of Republicans’ attack on abortion rights and on democracy. The GOP’s flirtation with imperial oligarchic Russian leader Vladimir Putin has, in contrast, received little attention.

That’s not exactly a mistake. Foreign policy rarely drives many votes, and the war between Russia and Ukraine was never a top issue for voters or for candidates on the campaign trail.

And yet the Democratic midterm strength serves as a powerful defeat not just for the GOP, but for Putin. Republican losses in the Senate and narrow gains in the House all but guarantee that the US will continue to lead international support for Ukraine.

READ MORE: Russian propagandists are hoping for 'a political Halloween' if Republicans win the midterms: report

GOP Putinistas

The GOP has been divided on aid for Ukraine. An older, more traditional wing of the party, steeped in Reaganite Cold War antagonism to the Soviet Union, has supported the (much more justified) Ukrainian war against Russia imperial invasion.

But there’s another wing that’s openly pro-Putin.

Putin has long cultivated ties with far-right nationalist groups globally, portraying himself as a defender of manly tradition through shirtless iconography and vicious homophobic policies.

READ MORE: Why support for Ukraine could dwindle in the final months of 2022

He saw a potential ally in wannabe-authoritarian Donald Trump, and tried to aid his campaigns in 2016 and (less successfully) in 2020.

Trump reciprocated by praising Putin consistently over the last six years. Most recently, he called the Russian invasion of Ukraine “genius” and “wonderful.”

Trump’s enthusiasm has affected his partisans.

Between 2015 and 2017, GOP opinions of Putin went up 20 points from 12 percent favorability to 32 percent favorable. A February poll found that Putin’s favorables among Republicans were higher than those of Democratic President Joe Biden.

It’s not just the rank-and-file either. Fox News far-right host Tucker Carlson has ceaselessly pumped out pro-Putin propaganda since the invasion of Ukraine in February. So has Carlson’s frequent guest, erstwhile progressive and current far-right shill Glenn Greenwald.

Many in the GOP conference have followed along. In the House, the chair of the rabid more-MAGA-than-thou Freedom Caucus, Scott Perry, wants to investigate, and potentially spike, US aid to Ukraine.

House Minority Leader Kevin McCarthy signaled support for Perry in an interview in October: “I think people are gonna be sitting in a recession and they’re not going to write a blank check to Ukraine.”

In May, 57 House Republicans voted against $40 billion in aid to Ukraine. Eleven senators joined them, including Rand Paul and Josh Hawley.

In addition, one of the few midterm contests focused on foreign policy was that of JD Vance, the Ohio Republican Senator-elect, boosted by fash-curious tech billionaire Peter Thiel, who made opposition to Ukraine a centerpiece of his campaign.

Republicans are split

With far-right Putinophilia bubbling up from the MAGA swamp, observers believed Biden might have real trouble continuing support for Ukraine. Reports suggest Russia put off announcing its retreat from Kherson until after the midterms because Putin did not want news of a Ukrainian victory to bolster Democrats.

Republicans who support Ukrainian aid were reportedly nervous that they’d be undercut in a GOP-controlled House. Biden was floating a Ukrainian aid package in the lame-duck session of the Congress, anticipating that further funding might be blocked.

Democrats may still vote on a Ukraine funding bill. But prospects for aid in the new Congress have significantly improved.

First of all, Democrats retained control of the Senate. Senate Minority Leader Mitch McConnell has strongly supported aid for Ukraine. Even so, his conference is unpredictable, and the Democrats are in a much better position to buttress Biden’s foreign policy priorities than they would have been had they lost the chamber.

Democrats did lose the House — but it was very close. The GOP majority is likely to be somewhere between 220-215 and 222-213.

McCarthy — or whoever the GOP chooses as speaker — is will block many Democratic initiatives on abortion rights, voting rights and much else. Ukrainian aid is different, though. That’s an issue that sharply divides McCarthy’s own caucus. Even if he wanted to, he’s not going to be able to win a vote striking down Ukrainian aid.

And if he were to try, the Democrats could likely get enough GOP support to bring it to the floor without his say-so.

Opposition to aid would likely expose huge fissures in the Republican caucus and lead to an embarrassing defeat for the speaker.

Stepping away, domestically

If the GOP were a normal party, that would be the end of that.

But the conference is neither normal, so there are caveats.

Representatives like Marjorie Taylor Greene, Jim Jordan and Matt Gaetz hate their more moderate Republican colleagues almost as much as they hate Democrats. They might oppose Ukrainian aid precisely because they know it would put their own speaker in an impossible and humiliating position.

So there could be bumps in the road.

The bottom line is that after their weak showing in the midterms, the Trumpy GOP pro-Putin wing doesn’t have the leverage to successfully advance their dream of global totalitarianism.

The defeat of election deniers in races for governor and secretary of state across the country means that the US has taken a step back from authoritarianism — domestically.

READ MORE: Writer schools Kevin McCarthy on why Ukraine aid isn’t a 'blank check'

It’s past time to start busting trusts again and the Biden Administration knows it

Although Democrats overperformed in the 2022 midterms, it’s likely that they will still narrowly lose the House of Representatives. At the least, their majority will be much reduced. They may pick up one seat in the Senate still, but even so, they are going to continue to struggle to pass vital measures like the protection of abortion rights and voting rights.

That doesn’t mean that Democrats can’t make needed changes though.

Presidents have a great deal of power. And President Joe Biden has been using that power in some hopeful ways.

READ MORE: Are we supposed to believe Republicans were duped?

For example, his administration appears to be reversing a decades-long status quo and embracing vigorous antitrust enforcement.

This is a vital step in reducing inequity and breaking the hammerlock the wealthy currently have on policy and public life.

With the threat of authoritarianism looming, the reinvigoration of antitrust policy could be one of the few positive signs of democratic renewal.

The biggest recent victory for the administration’s tougher trust-busting approach was in the book industry. The Biden Justice Department brought a lawsuit to block the merger of Penguin Random House and Simon & Schuster.

READ MORE: Trust buster explains why 'monopoly power is the biggest threat' to small businesses and competition

The US District Court Judge Florence Y. Pan agreed with the Justice Department that the merger would “lessen competition” for “top-selling books.”

Joseph Kanter of the Justice Department said the decision was the correct one, because the deal “would have reduced competition, decreased author compensation, diminished the breadth, depth and diversity of our stories and ideas, and ultimately impoverished our democracy.”

The Justice Department argued that Penguin Random House Simon & Schuster would be so large that it would be able to push down advances for books from top authors like Stephen King (who testified against the merger.)

The Justice Department also said that the merger would significantly reduce the number of book releases, limiting what was available to readers and shrinking the breadth of public discourse.

Those sound like good reasons to prevent a deal. However, those arguments for antitrust action have been denigrated and even verboten for decades.

As Stacy Mitchell, co-director at the Institute for Local Self-Reliance, explains on Twitter, “For 40 years, antitrust has largely operated within the narrow confines of the consumer welfare standard — ie, the only harm that matters is to consumer prices.”

What this meant was that the Justice Department would only prevent mergers if the merger was deemed likely to raise consumer prices. Under that rubric, lower advances for authors wouldn’t matter, since authors are providers, not consumers. Neither would a reduced diversity of books.

As Mitchell suggests, it wasn’t always this way.

In the book How to Think Like an Economist, Elizabeth Popp Berman explains that antitrust used to have a broad remit.

In the early 20th century, antitrust was seen as an important means of regulating the economy and society as a whole.

Antitrust lawyers and government regulators saw antitrust legislation as an important means of protecting small businesses, which were seen as essential to the health of civic life. Limiting mergers prevented individuals from accumulating vast wealth and power, which could damage the health of democracy.

These goals led to aggressive enforcement of antitrust legislation in the early 20th century, Berman says. The 1914 Clayton Antitrust Act prevented companies from buying one another’s stock if the effect would “substantially limit competition.”

This provision was largely enforced by lawyers using a prosecutorial frame. When they felt the law was being violated, and that they could win in court, they would sue.

Over time, however, the framework for government action in general, and for antitrust in particular, began to shift.

Republicans had long been very skeptical of antitrust enforcement. As they gained power in the 1980s, Democrats went on defense and began to turn to what Berman calls an “economic style” of thinking.

The economic style emphasized efficiency first and foremost, dismissing other goals. Through this frame, the point of antitrust was simply to make markets as efficient as possible.

That meant that antitrust regulators focused only on whether a merger would raise consumer prices.

Even in cases where officials thought they could win, they started to do assessments of whether the merger would raise prices or not. If it would, they would move forward. If it wouldn’t, they wouldn’t even try to stop the merger, even if it might reduce competition in other respects.

The results of the lax enforcement regime have been stark.

Concentration of businesses has increased markedly since the 1970s. Competition has fallen. In the 1990s, a profitable business had a 50 percent chance of being profitable in 10 years; today it has an 80 percent chance. That’s an indication that entrenched businesses are using market power to squelch rivals.

The failure of antitrust policy is linked to rising inequality. The gap between the rich and everyone else started to widen substantially in the 1980s.

Between 1975 and 2014, households in the bottom 60 percent of income saw income rise 9 percent. Income grew 22 percent for those in the 80th percentile. It grew a stunning 36 percent for those at the 95th percentile.

One calculation suggests that between 1975 and 2020, the economy transferred a staggering $50 trillion from working Americans to the wealthy.

Early trustbusters worried this kind of concentration of wealth and power could damage democracy. And, given our current predicament, they appear to have been right. Billionaires gave a staggering, record-breaking $881 million to candidates in the midterms.

Almost all of that money went to Republicans who are seen as pro-business, and who are also increasingly embracing authoritarian attacks on democratic norms and institutions like the J6 coup attempt.

The Penguin Random House/Simon & Schuster might not have raised prices for consumers. But it would have reduced payments for authors — increasing inequality by allowing (very, very rich) corporations to keep more money from (some rich, some not so rich) authors.

And it would have reduced the number of books published. That would have cut access to ideas in the public sphere.

A shift in antitrust enforcement philosophy won’t reverse wealth inequality or save democracy all at once or all on its own. But after four decades of increased business concentration and growing oligarchy, it’s well past time to start busting trusts again.

Hopefully the Biden Administration’s new focus indicates a long-term shift by Democratic leadership away from a model based solely on efficiency, and back to a recognition that antitrust can be a tool to restrain the wealthy and powerful for the public good.

READ MORE: The next Republican to occupy the White House will probably also try to end our democracy -- unless Congress acts

How white supremacists use antisemitism as a means to justify uglier ends

“Antisemitism is the socialism of fools.” No one is exactly sure who first said this, but it’s treated today as a truism. Antisemitism, in this formulation, is the result of displaced economic anxiety.

Working people should direct their ire at the capitalist class, the thinking goes, but the capitalist class befuddles and misdirects them, so that they think their oppressors are Jewish people instead.

The problem with this understanding of antisemitism is that it’s not true. Jewish people are sometimes hated for having money. But they’ve also been hated for threatening those with money.

READ MORE: Doug Mastriano’s Facebook account is an 'active administrator' for a 'xenophobic, antisemitic' group: report

At a time when antisemitism is becoming accepted in the mainstream right, it’s important to be clear that antisemitism isn’t caused by poverty or a rational concern about living standards in any way. Antisemitism is irrational; it’s hatred. It can be twisted to various political programs, but at bottom it has its own logic — or illogic.

Again, antisemitism does sometimes take the form of a kind of garbled critique of capitalist hierarchy. One of the most popular stereotypes of Jewish people is that they are greedy and hoard wealth and power in order to manipulate and exploit others.

Rapper Kanye West channeled this strand in recent social media posts where he declared “the Jewish community, especially in the music industry … they’ll take us and milk us till we die.”

There is a brutal history of exploitation of Black artists in the music industry. But that exploitation has been perpetrated by (mostly) white capitalists, and by a white supremacist legal system that wouldn’t enforce Black legal rights. Jews, as Jews, or as a group, weren’t the culprits. Kanye is engaging in the socialism of fools.

READ MORE: 'Craven silence': Author says Ron DeSantis is 'sending clear messages' he 'will tolerate hate speech'

This isn’t the only form, though. Historically, the most devastating antisemitic conspiracy theories have cast Jews not as capitalists, but as anti-capitalists. The Nazi’s associated Jews with Marxists.

In fact, Adolf Hitler basically believed Jews and Marxists were the same. He thought all Marxists were Jews and all Jews were Marxists.

In Mein Kampf, Hitler referred to “the Jewish doctrine of Marxism” that “rejects the aristocratic principles of Nature and replaces the eternal privilege of power and strength by the mass of numbers.”

Hitler thought that Jewish people had formulated Marxism in order to undermine the natural order of Aryan white supremacy. Nazi antisemitism was what you might call an anticommunism of fools.

The fools in this case were the leaders of German industry. Hitler promised to eliminate trade unions and shoot leftists in the street — a program that the wealthy were eager to pay for.

The antisemitic conflation of Jews and leftists isn’t a historical relic. It’s very much alive and well. It’s most virulent and popular manifestation today is in the demonization of George Soros.

Soros is a Holocaust survivor, a billionaire businessman and a Democratic donor. He’s become an all-purpose far-right scapegoat, who’s reliably accused of funding and masterminding everything that the right thinks is wrong with the country and the world.

For example, Soros was falsely accused of funding a migrant caravan from Central America in 2018. The right also made up lies and conspiracy theories claiming Soros funded or masterminded the 2020 George Floyd protests against racist police brutality.

Part of the appeal of attacking Soros is that he’s very wealthy, which dovetails with antisemitic stereotypes. But Soros isn’t accused of capitalist exploitation. Conspiracy theories targeting him aren’t about him mistreating workers or controlling particular industries.

Instead, Soros is hated for, supposedly, being a shadowy mastermind using his fortune to spread leftist ideas that undermine America and the white race. Soros is not portrayed as a wealthy businessperson crushing working people. He’s portrayed as an insidious leveler who is threatening white power and (white) national unity.

That’s an update of Hitler’s antisemitism.

As with Hitler, it’s very dangerous.

The man who attacked Tree of Life synagogue in 2018, killing 11, was an avid consumer of Soros conspiracy theories. He thought Soros was trying to dilute and weaken white America via unrestricted immigration. The shooter chose Tree of Life as a target because the synagogue participated in a Shabbat service for refugees hosted by HIAS, a Jewish organization that resettles refugees.

“Jews are waging a propaganda war against Western civilization and it is so effective that we are headed towards certain extinction within the next 200 years and we’re not even aware of it,” the shooter said.

The shooter wasn’t angry about his falling living standards; his antisemitism wasn’t a kind of substitute for socialist analysis and commitments. Rather, he hated Jewish people because he saw them as spreading left ideas about racial equality and diversity.

The various strands of antisemitism aren’t incompatible. Kanye sees Jews as manipulating the music industry to exploit Black people. The Tree of Life shooter sees Jews as manipulating immigration to bring down Western civilization.

The details are different, but as antisemites, they can agree that Jewish people are shadowy manipulators with great power who are not to be trusted.

Still, the exact strand of antisemitism that’s currently ascendant can determine which Jewish people are most vulnerable and how antisemitism is used politically.

Antisemitism isn’t necessarily, or primarily, a way to redirect economic concerns or economic anxiety. It can instead be a way to solidify racism, to target protestors, or simply to justify and rationalize violence against political enemies, especially on the left.

You can’t address antisemitism by improving economic conditions. The rich can be plenty antisemitic, as Donald Trump demonstrates.

Rather, antisemitism is often used by the right to delegitimize unions or movements designed to help those with less wealth and power. It addresses the grievances, not of fools, but of white supremacists.

READ MORE: Kanye West had Adolf Hitler 'obsession' and praised his genocidal achievements and power

Why are voters choosing 'the economy' over democracy

In the last weeks before the 2022 midterms, Democrats have been struggling. A major Times poll indicated that 44 percent of voters said that economic concerns were most important for them in the election, up from 36 percent in July.

That’s important because voters who put economics first favored Republicans by more than two to one.

Polls like this make it sound like the American people are angry about continuing high inflation and have deprioritized issues like abortion rights and voting rights. As a result, they have turned to Republicans.

READ MORE: Anxious Americans are putting prices over principles

That may be part of what is happening. But it also seems likely that voters are turning to Republicans, and that they have therefore started referencing Republican talking points about the economy.

This seems counterintuitive; economic health has a direct material effect on people. You’d expect that to drive vote choice.

But a good deal of research suggests that the opposite is the case. People aren’t pushed into partisan camps by the economy. Rather, people interpret the economy through a partisan lens.

In 2016, for example, the Republican Consumer Confidence Index, based on a weighted value for a series of key questions, was around 77. The Consumer Confidence Index for Democrats was around 105.

READ MORE: Republicans would rather tank the global economy than stop corporations from destroying the planet

Immediately after the election when Republican candidate Donald Trump was victorious, though, those numbers flipped. Republican CCI jumped to 120; Democratic CCI plummeted below 80.

There was a similar dynamic after the 2020 election. Democrats shortly before the election had a CCI of around 76. The Republican CCI was close to 100. After the election of Democrat Joe Biden, Democratic CCI skyrocketed to close to 105, while Republican CCI cratered to under 70.

Similarly, before the 2016 election, less than 25 percent of Republicans said the economy was getting better; more than 75 percent said it was getting worse.

As soon as the election happened, though, those numbers changed dramatically. Suddenly almost 50 percent of Republicans thought the economy was getting better, while a slightly smaller number than that said it was getting worse.

Obviously, the economy didn’t change that much in the week after the election. What changed were partisan signals. When Trump was in control, Republicans told pollsters the economy was better, while Democrats told pollsters the economy was worse.

The fact that partisanship drives economic polling, rather than the economy driving partisanship, is well known now. And it’s even more salient as partisanship has increased and strengthened over the last years. It should be taken into account in media reporting and narratives.

But it rarely is. For example, in 2016, the media was obsessed with the idea that Trump voters were being driven by economic anxiety.

But numerous retrospective studies showed that there was little correlation between economic distress and support for Trump.

Trump voters chose Trump for partisan reasons—because he was a Republican, because he embodied their enthusiasm for white, male, Christian identity politics.

But Republican talking points focused on economic anxiety. So voters signaled their partisanship to pollsters by saying the economy was doing poorly.

Despite the evidence that media narratives were wrong or confused in 2016, you can see the same thing happening again in 2022. The media looks at polls saying that voters are concerned about inflation and the economy, and says that poor economic performance is bad for Democrats.

Inflation does materially affect people, and disruptions from Covid and the war in Ukraine are real. There is plenty of reason to be concerned about the economy at a time of global uncertainty and conflict.

But those concerns don’t necessarily translate into voting choices.

For instance, in the New York Times article on their own poll, the reporter interviews Robin Ackerman, a 37-year-old mortgage loan officer who said she was a Democrat.

Ackerman supports abortion rights. But she said, “I’m shifting more towards Republican because I feel like they’re more geared towards business.”

The vague gesture towards “business” doesn’t really sound like someone who is worried about the economy and is going to vote Republican. It sounds like someone who has decided to vote for the GOP, and is therefore referencing partisan GOP pro-business talking points to justify or rationalize that choice.

So, if the economy isn’t necessarily driving voter choice, what is?

The probable answer is simply that the incumbent party has a large structural disadvantage in midterm elections. According to FiveThirtyEight, the president’s party has performed about 7.4 points worse in the midterm elections than in the previous presidential election.

Based on those numbers you’d expect Democrats to lose the House (which they won by 3 in 2020). They might be able to hold the Senate this year because of the very poor quality of Republican candidates.

Why do voters turn on the incumbent president? Political scientists are unsure, but the best explanation is probably “balancing.”

Voters, perhaps pushed by a press obsessed with both sides messaging, tend to worry that a president has gone too far to the left or the right. They vote for the out party to get what they see as more moderate outcomes.

The Dobbs decision, one of the most sweeping right-wing policy victories of the last twenty years at least, has somewhat undermined the narrative that the country is moving too far left. So has the continued prominence of Donald Trump in the news, a constant reminder of what the Republicans would do if in power.

These factors have helped keep Democrats more competitive in midterm polls than would be expected. Republicans are still only about .5 points ahead on the generic congressional ballot according to 538’s poll aggregator, rather than the 4-point lead you’d expect based on previous midterms.

Still, the swing towards the out party as the midterm approaches is powerful. The Democrats are fighting against long-term structural factors which have shaped elections for decades.

Those factors are pushing voters towards Republicans—and when voters move towards Republicans, they tend to say they’re concerned about the economy, because that’s what Republican partisan leaders are emphasizing.

But it’s not the economy driving the partisanship. It’s partisanship driving economic concerns.

Which means that the problem isn’t really that Democrats are out of touch on the economy, or aren’t appealing to working-class voters. The problem is that many voters continue to behave as they have in the past, despite the GOP’s escalating extremism and escalating attack on democracy.

This dynamic is very dangerous for our democracy, and it’s difficult to know how to address it. But if we are ever going to do so, it’s important to understand that economic anxiety is not what’s driving the backlash.

READ MORE: Bernie Sanders says Democrats should hammer the 'corporate agenda of the Republicans'

Wages are dampening inflation, not supercharging it

Workers are often blamed for inflation. When they irresponsibly demand higher wages, inflation goes up. To fix the problem, workers are disciplined with higher interest rates and higher unemployment.

“You don’t become a low inflation country with high wage inflation and wage inflation is looking pretty high in the United States,” former Treasury Secretary Larry Summers said at a recent conference. He said a recession to bring down inflation was almost inevitable.

The demand for a recession to crush worker wages assumes, first, that wages are driving inflation. It assumes, further, that inflation is the most dangerous threat, always, and that suffering by workers and lower-income people is righteous or at least a tragic necessity.

READ MORE: 'Boom': How Republicans could trigger a 'global financial catastrophe' if they retake Congress

Both assumptions are questionable. Wage growth is not the main driver of inflation. A recession can easily be worse in terms of human suffering than continued inflation. If we want to lower inflation, we should do so in ways that do not immiserate workers and that make the lives of most people better rather than worse.

Inflation harms middle- and low-income people. Affluent people’s resources are often tied up in fixed-rate mortgages and retirement savings, which are less vulnerable to short-term price hikes.

Low-income people in contrast spend most of their paycheck on immediate needs, like gas, food and shelter, all of which have spiked in price in the last few years. As a result, domestically and globally, high inflation is harming the poorest and increasing inequality.

So controlling inflation is important. But boosting interest rates to slow growth and increase unemployment is worse than the problem.

READ MORE: 'Gen-X and Boomer women' are prime targets of the GOP war on Social Security and Medicare: activists

The 1981-1982 recession, engineered by then-Fed chair Paul Volker, is often celebrated for controlling inflation. For those who lived through it, however, it was a brutal experience. Unemployment rose to 11 percent, the worst figure in the post-World War II era.

Manufacturing industries suffered especially. The construction industry hit 22 percent unemployment. The car industry went to 24 percent. To some extent, they never recovered. Much US productive capacity was abandoned as money flowed into financial industries.

Unions were also weakened in the long term. The recession created a crisis in Latin America, where nations like Mexico had taken out loans in dollars and subsequently were unable to repay. A recession can lead not just to widespread pain as unemployment rises, but to domestic shocks and international instability.

Recessions and inflation harm the most vulnerable. This can feel like an impasse. But currently, the trade-off between high prices and suppressing wages and employment is a false choice. That’s because wage growth isn’t the main driver of inflation.

Analysts at the Center for American Progress point that there is no correlation between wage growth and inflation based on industry. Natural gas, for example, has seen the greatest price acceleration from 2018-2019 to 2021-2022, but wages have fallen slightly.

Workers did experience real wage growth early in the pandemic. But since mid-2021, wages have fallen behind inflation. This means wages are actually dampening inflation pressure, not supercharging it.

If wage pressure isn’t causing inflation, what is?

There are two big drivers. One is the Russian invasion of Ukraine. Russia is a major supplier of oil and gas, and sanctions and production disruptions have caused fuel prices globally to spike.

Ukraine-Russia is an important region in food supply. It supplies 30 percent of global wheat exports and 65 percent of sunflower exports. Sunflower oil shortages pushed margarine prices up 32 percent between September 2021 and last month. Butter rose 27 percent in the same period compared to a 13 percent increase in food overall.

Addressing these inflationary factors is difficult, but the Biden administration has already taken steps to do so.

The omnibus Inflation Reduction Act passed earlier this year creates powerful incentives for moving to green energy, which can address energy costs in the mid- and long-term. The Biden administration is also working to end the war in Ukraine, and to forestall other Russian wars of aggression, by providing aid to Ukraine.

Republicans have framed help to Ukraine as wasteful and useless. But if we want to get gas and food prices under control and stabilize the world economy, the best way is to defeat Putin quickly in such a way that he is deterred from launching further wars of conquest.

Another major driver of inflation is the ongoing covid pandemic. Covid globally affects supply chains. China’s strict lockdown policies have created numerous international bottlenecks.

In addition, the covid creates worker shortages that drive prices up. One study suggested workers disabled by long covid could account for 15 percent of unfilled jobs. There remains a massive shortage of healthcare workers thanks to covid infections and burnout.

Politicians and the public claim to want an aggressive response to inflation. But the pandemic drives inflation. The US has surrendered to the disease, even though it racks up about 300-400 deaths a day.

The world economy is struggling with a global pandemic and a major regional war. There’s no easy or quick way to fix that.

The US should continue to help Ukraine, and it should do more to fight the covid pandemic. But inflicting more pain on workers and the most vulnerable by inducing a recession isn’t the answer.

READ MORE: Republicans want to use the debt limit to wreck the economy. Will Democrats stop them?

Republicans want to use the debt limit to wreck the economy. Will Democrats stop them?

In what has become an almost annual ritual, the Republican Party is once again threatening not to raise the debt ceiling. If they follow through, they would destroy the US economy, immiserating millions of their own voters.

The fact that they don’t care shows the extent to which the GOP has abandoned small-d democratic incentives in favor of the reckless politics of authoritarianism and extremism.

The debt ceiling is a legislative limit on the amount of money the federal government can borrow to meet its payment obligations.

READ MORE: What Social Security should actually be paying to survive in this economy

The limit was established in 1917, and was routinely raised until the mid-1950s, when conservative lawmakers threatened to refuse President Dwight Eisenhower’s request for an increase.

Since then, struggles over the debt ceiling have escalated. In 1979, lawmakers tried, unsuccessfully, to add a balanced-budget amendment to the debt-ceiling increase.

It wasn’t until the 1990s though, when a radical rightwing Congress actually shut down the government rather than raise the debt limit, requiring the Treasury secretary to shuffle funds to prevent a default.

Republicans closed down the government again in 2011 and then again in 2013, when they demanded that any debt ceiling increase include the repeal of major portions of the Affordable Care Act.

READ MORE: GOP planning 'catastrophic default' if Democrats refuse to cut Social Security and Medicare

These negotiations can look to casual observers like the usual partisan give-and-take negotiations around any legislation.

But they aren’t.

Republicans who refuse to raise the debt ceiling are blackmailing Democrats. And the blackmail is only credible to the extent that Republicans and Democrats alike know that Republicans are happy to ruin the lives of voters and destroy the country.

If Congress refused to raise the debt ceiling, the US would be unable to fulfill its obligations. That means it couldn’t pay Social Security checks. It couldn’t pay US troops. It couldn’t pay federal employees. Veteran pensions would stop. There wouldn’t be money for federal disaster relief.

But that would just be the beginning.

A US default – or even serious concerns about US default – could lead to a sell-off of US treasury bonds. That would raise interest rates in a potentially catastrophic manner.

In 2011, during the worst debt-ceiling stand-off, Moody Analytics predicted the unemployment rate would spike to 9 percent, with a loss of 6 million jobs. At that time, Standard & Poor’s did actually downgrade the US credit rating for the first time ever, leading to a market plunge.

Moody’s also predicted that in a default, stocks would drop by a third, erasing $15 trillion in household wealth. There could be a market crash as bad as or worse than the 2008 recession.

Refusing to raise the debt ceiling would create a massive financial collapse while simultaneously preventing the US from providing aid to those most in need.

The cost in human suffering would be nightmarish and long-lasting, permanently weakening global faith in the US economy. The consequences have been clear and much-discussed for decades.

That’s why Senate Republican leadership compromised with Democrats in December to avoid a debt-ceiling shut-down.

But if Republicans win the House in November (as seems likely), radical members of the caucus with McCarthy’s ear are already threatening to refuse to raise the debt limit.

Representative Jason Smith of Missouri, who has a good chance of being the head of the House Budget Committee, told Axios that he wanted to refuse to raise the debt limit until Biden agreed to “reverse” his “radical” policies.

“If we were trying to bring down inflation ... trying to secure our border, surely [Biden] wouldn't default,” Smith said, testing out the usual garbled GOP talking points.

Republicans don’t like to vote to raise the debt ceiling because the party is supposed to be committed to small government.

But they see it as an opportunity for blackmail, because they’re increasingly disconnected from democracy and its incentives.

In theory, political parties try to avoid devastating economic collapse because immiserating voters leads to those voters tossing you out of office.

But Republicans are increasingly insulated from such democratic checks. Political partisanship is growing, and combined with the rightwing media bubble, that means more voters will vote Republican no matter what.

And because they are the party of rural white voters, Republicans have a huge advantage in the Senate, the Electoral College and even in the House.

Republicans can adopt very unpopular policies and still win elections. They no longer have to worry about democratic incentives, and so those democratic incentives seem increasingly irrelevant and frustrating to the party.

One sign of that is the widespread Republican support for Trump’s coup. The debt ceiling is another. Rather than attain their goals through winning elections and then doing the hard work of legislating, the GOP prefers to win through violence and threats.

If the GOP can’t win through democracy, they’ll end democracy — either through a violent coup or by wrecking the economy out of spite.

There are a couple of things Democrats could do to end the constant debt-limit showdowns. First, they could simply vote to eliminate the debt ceiling all together while they still control Congress.

This would be the best option.

The debt ceiling was always a bad idea. It doesn’t actually limit spending; it just limits paying for what’s already been spent. It’s essentially a law that says Congress can’t pay its past-due bills.

Democrats don’t want to be seen as unilaterally authorizing more government spending, though. And to raise the debt ceiling, they’d have to either include it in a reconciliation bill, which is complicated, or overrule the filibuster, which conservative Democrats won’t do.

Alternately, Joe Biden could effectively eliminate the debt ceiling unilaterally by using his statutory authority to order the minting of a $1 trillion commemorative coin. He could then use the coin to purchase Treasury debt, bringing outstanding debt well below the debt ceiling. (Eric Levitz explains this process in full at New York.)

The trillion-dollar coin gambit would be an unusual exercise of executive power, though, and op-ed writers would squawk. So Biden doesn’t want to do that either.

The situation is familiar. Republicans are willing to wreck democratic institutions and inflict terrible suffering on the American people. The Democrats would rather they didn’t, but also don’t want to have to take even moderately controversial steps to stop them.

So far, Democrats and slightly more responsible Republican leaders (pushed by business interests) have managed to avoid the worst. The GOP is growing ever more rabid though, and there’s no guarantee that we can avoid a debt-ceiling crisis forever.

An unforced default would be a ridiculous way for US democracy to end. But an absurd apocalypse can still be very dangerous.

Democrats need to abandon their timidity and fix this permanently while they still can.

READ MORE: US oligarchs don't care what the majority of Americans thinks about taxing the rich -- here's why

The Tories cut taxes for the rich and crashed the British pound. Will Republicans take heed? Nah

This week, British Prime Minister Liz Truss surrendered, abandoning her signature conservative economic proposal in the face of imminent economic collapse and public rebellion.

The reversal is mostly being reported as a massive failure for Truss and the Tory party. And it is that. But it’s also a rebuke to conservative economic orthodoxy. It’s an indication of where the US could end up if Republicans gain control of the government.

As one of her first acts as prime minister, Truss wanted to eliminate the top income tax tier of 45 percent on individuals who earn more than £150,000 (around $172,000) a year.

READ MORE: The queen is dead. The legacy of her colonies is not

The tax cut was part of a huge package of spending, including eliminating caps on banker’s bonuses, and reversing a planned corporate tax increase. The total was in the tens of billions of pounds. The top rate tax cut alone would cost £45 billion (nearly $52 billion) over five years. Truss and Finance Minister Kwasi Kwarteng planned to pay for the shortfall through borrowing.

Truss insisted the package would strengthen the UK economy. But financial markets didn’t agree. There was panic selling and the pound cratered to $1.03, its lowest exchange rate in history.

Unsurprisingly, the crisis has made the government extremely unpopular. After she announced the tax cuts, Truss’ approval fell from a poor -9 to a catastrophic -37. Only 18 percent in the UK approved while 55 percent disapproved, according to one poll.

The opposition Labour Party has been ahead by 33 points in polls. Some analysts predicted the Tories could be reduced to only four seats in the 650-member Parliament if the election were held today.

READ MORE: Great Britain's new prime minister blasted for 'destructive' decision ending fracking moratorium

The pound rebounded somewhat after Truss scrapped the tax cut. But Britain faces numerous other economic challenges.

Like many European countries, the UK has experienced rising inflation because of pandemic supply chain issues. It has also struggled with energy shocks from the Ukraine war.

However, Britain is worse off than many of its neighbors because of its reliance on natural gas. Its homes rank lowest in energy efficiency in Western Europe. Consumer price inflation for households in the UK is expected to be 80 percent in 2022. In the Eurozone, it is only expected to be about 40 percent.

The UK has a larger gap between rich and poor than its peers. As a result, the poorest 10 percent of households in Britain will spend a whopping 17.8 percent of their 2022 budgets on energy costs.

The UK’s decision to leave the EU through Brexit, which was fully accomplished at the end of 2020, has further weakened its economy.

A report released in June of this year found that Brexit had reduced the openness of the British economy, threatening to shrink growth over time. Since 2019, the UK has seen trade fall by eight points as a percentage of GDP. (France has seen only a two-point decline.)

By 2030, British workers will be £500 (around $574) worse off with Brexit than they would have been without it, the report found. Sectors like electrical equipment manufacturing, which rely on supplies from the continent, will be worst hit.

In sum, the Tories have pushed for xenophobic policies to restrict immigration through Brexit. They’ve fought against green energy. And they’ve embraced tax cuts for the rich.

The result has been a series of long-term, mid-term, and short-term economic disasters that have resulted in long-term stagnation. The UK is the only G7 country whose economy shrank over the covid, and its economy is currently teetering on the verge of a recession.

The failed Tory agenda is based on policies also embraced — often even more rabidly — in American rightwing political circles.

Donald Trump enacted draconian restrictions on immigration. He helped exacerbate inflation and labor shocks during the pandemic.

Republicans have fought adamantly against any move toward green energy — most recently by voting en masse against the climate bill that the Democrats passed through reconciliation earlier this year.

And Republicans love tax cuts for the wealthy. They were at the core of Trump’s agenda. His $1.5 trillion tax reduction was a huge giveaway to billionaires. The 600 richest families in the US ended up paying a lower tax rate than the poorest families in the country.

The US is more economically prosperous than Britain. There are many reasons for that. But one big one is that the GOP has not been in power in the US as long as the Tories have controlled the UK.

The Tories took office in the UK in 2010 and they have retained control of the country for the past 12 years. In contrast, Republicans have only held the presidency in the US for four of the last 12 years.

In addition, the US system is more fractured than that in the UK. In Britain, Parliament selects the prime minister. In the US, different parties can hold the Congress and the presidency. Republicans had unified control of the Congress and presidency from 2017 to 2019.

Nonetheless, it’s worth remembering that the last two Republican presidencies ended in economic and political disaster.

George W. Bush’s term concluded with the 2008 financial crisis and the beginning of the Great Recession. Trump’s tenure finished with the massive failures of covid policy and a resulting recession.

Polls in the US show that voters tend to view Republicans as more trustworthy on economic issues. But the GOP has done little to earn that trust. And Liz Truss’ damaging first month in office suggests what would actually happen if conservatives had their way in the US.

Xenophobic trade and closed borders shrink the economy. Opposition to green energy makes it more vulnerable to energy shocks. Trickle-down economics — giving more money to the rich in the hope that they’ll pass the benefits on to everyone else — doesn’t work. Even financial markets know it’s a dangerous boondoggle.

Rightwing economic policies have a record of egregious failure, stunted growth and compounded misery. Twelve years of Tory dominance has left Britain a smaller, colder and poorer place.

Republicans, though, are undeterred. They long to enact the Tory plan here. If they do, we can expect a similarly bleak result.

READ MORE: 'Enough is enough': Protests erupt in the United Kingdom amid soaring prices and tax cuts for the rich

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