What the culture wars distract from is that, on matters of economic policy, there is rather a lot of agreement
If you guessed a Democrat—perhaps even more cleverly Bernie Sanders writing in his recent work, “It’sto be Angry About Capitalism”—you would be wrong. It was in fact Marco Rubio, the Republican senator from Florida and one-time presidential contender, writing in his just-published book, “Decades of Decadence”.
These problems, both sides agree, must be rectified by the state, through the use of tariffs and industrial policy to boost favoured industries. That should be coupled with greater redistribution, to the detriment of corporations and to the benefit of left-behind workers.
This is apparently a catchy proposition. Most of the young guard of Republican senators who are trying to fashion populist economic policy—like Tom Cotton of Arkansas, J.D. Vance of Ohio and Todd Young of Indiana—gave lengthy interviews at an event to celebrate its unveiling. Mr Rubio was there, too; his recent book of recriminations against the decadent technocratic, neoliberal elite is studded with references to Mr Cass and his writings.
This is one difference between new right and new left. Mr Biden has taken on board the idea that extreme wealth at the top of the distribution is a problem that needs tackling, and insists that he will not raise taxes on those earning less than $400,000 a year . Mr Cass and co spend less time fretting that the top 2% are doing too well. Though since Mr Biden has not managed to actually raise taxes on top earners, the difference is moot.
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