A lot of people are wondering why the Democrats are so stuck in their deservedly unpopular set of ideas. Maybe the Left needs a new focus. Are they finding it?
The problem with "abundance ideology" with Democrats is that it all starts with the government taking control over the economy. This has never worked, and won't work now. When the market demands cars, the government is producing buggy whips. And of course, government control means the suck of governmental costs making prices uncontrollable so the supply is beyond the means of the demand. And of course, it is hard to become more productive to lower costs because government demands that production be done by less productive means; i.e., DEI costs, over-regulation costs, etc. So to answer your question, in Democrat hands, "abundance" is just the same old crap in a different package.
In other words they want to return to the economic policies of the Reagan Clinton era when economic growth was abundant. But they reject the policies that led to the rampant growth. Maybe they will continue their policy of trying to trick people into thinking they support things while doing the opposite. Though that hasn't been working so well lately since people tend to believe their "lying eyes" over what hucksters tell them.
I wrote about the abundance movement here. https://ringsideatthereckoning.substack.com/p/abundance-the-liberals-bold-new-idea?utm_source=publication-search
My take was rather similar to Bill's, I think..
The problem with "abundance ideology" with Democrats is that it all starts with the government taking control over the economy. This has never worked, and won't work now. When the market demands cars, the government is producing buggy whips. And of course, government control means the suck of governmental costs making prices uncontrollable so the supply is beyond the means of the demand. And of course, it is hard to become more productive to lower costs because government demands that production be done by less productive means; i.e., DEI costs, over-regulation costs, etc. So to answer your question, in Democrat hands, "abundance" is just the same old crap in a different package.
In other words they want to return to the economic policies of the Reagan Clinton era when economic growth was abundant. But they reject the policies that led to the rampant growth. Maybe they will continue their policy of trying to trick people into thinking they support things while doing the opposite. Though that hasn't been working so well lately since people tend to believe their "lying eyes" over what hucksters tell them.
I pretty much agree with Bill (and Paul) on this. But abundance theory is not new. Recently, it has been known as supply side economics.