THE MIDDLE OUT

Political journalist and Democracy editor-in-chief Tomasky delivers a strong argument for Democrats to take the lead in articulating middle-class–boosting economics.

Democracy, freedom, and economic justice are the hallmarks of America’s conception of itself. “They are inseparable,” writes the author. “It is up to the Democrats to defend all three. And they must see this as not three fights but one. It’s Republican doctrine that the market must be free and unregulated, which works supremely well “for those with the means to eat at high-end locavore restaurants or purchase the right to skip the lines at Disney World.” For the rest of society, the market goes hand in hand with Republican resistance to social spending programs such as the American Rescue Plan, which, though carrying a staggering $1.9 trillion price tag, came in at a lower percentage of GDP than Franklin Roosevelt’s “broadly popular” New Deal programs. Tomasky notes that public investment grows the economy, and it addresses both aspects of ordinary economic thought, which has both a fiscal and a moral dimension. Chalk the Republican program up to the likes of Milton Friedman, whose influence over economics Tomasky calls “deeply unfortunate” and who had strange ideas that continue to hold sway over a certain element of the political class (including the fact that “he was against national parks”). Whereas some level of inequality is inevitable in a noncommand economy, the current fiscal structure rewards the rich at the expense of the rest. The author urges that a Democratic brand of economics requires a good name, one that doesn’t include the prefix post- (“if you’re still using ‘post,’ you don’t have a movement”) and that advances the idea that “prosperity is built from the middle out”—i.e., founded on a strong middle and working class, repudiating the false notions that taxes are bad and greed is good.

A provocative, welcome platform for wresting economic conversations away from the moneyed class.