By themselves, strong growth and low unemployment cannot wash away social divisions, any more than they can empower labor enough to substantively increase wages, to say nothing of raising the labor share of national income. The left must not be cowed into a narrow politics of income inequality and redistribution; it must look further, toward democratic control of capital itself.
Especially when those special interests with money take “the economy is very bad, and the Democrats are improving it only in modest ways” and use it to argue, “The Democrats are hurting everyone on purpose, so let’s give power to the Republicans instead.”
Especially when those special interests with money take “the economy is very bad, and the Democrats are improving it only in modest ways” and use it to argue, “The Democrats are hurting everyone on purpose, so let’s give power to the Republicans instead.”