Soon, some time in the next week or so, Joe Biden’s going to announce his bid for re-election. And something strange, stupid, and painful will happen. Pundits will groan. They’ll trot out the same tepid not-quite-thoughts they’re infamous for. He’s too old!! they’ll groan. Hello, ageism. Yes, that’s a real thing, unless you think applying for a job in middle or old age is easy. He hasn’t done enough!! Americans don’t…don’t like him!! Tedious. Foolish.
Here’s the truth, and it’s a fact. Biden’s a good President. The best one America’s had in a long, long time. Americans should give him a chance to be a great one. Sorry. Stop right there. That’s not politics. Like I said, these are empirical facts. Let me prove it to you.
Everything in America’s politicized. Even…kids reading books. American media, which creates everything like some kind of sportsball game, is guilty of perpetuating this flimsy attitude. One thing that Americans should learn — again — is to think objectively. It’s an objective fact that Biden’s a good President, but I’m going to explain it in reverse.
Why are Biden’s approval ratings so low? It’s the economy, stupid. You see, Biden’s making a Big Mistake. One that Democrats are, sigh, renowned for. They talk up the economy. They always do. Under the rules of the amateurs who run their messaging — and I’m allowed to say that, because I helped run of the world’s biggest marketing agencies, and we’ll come back to all this — there’s a Big Taboo. You can’t ever say the economy sucks.
But the economy does suck. That’s a fact. It’s a hard fact, and a brutal one, and yet it has to be faced. The signs, if you just take a glimpse at reality, aren’t pretty. Here’s one that makes the economist want to screech like his hair’s on fire: “Americans Go Deeper Into Debt as They Use Buy Now, Pay Later Apps for Groceries.” That’s not just a bad sign, it’s a dire one. People going (deeper) into debt…by way of sketchy, last-ditch fintech mechanisms like buy now, pay later…to afford the basics? That’s about as bad and clear a sign an economy can send you: people are not doing well. They can’t make ends meet.
And yet if you listen to the Democrats, they…play this foolish game of boosterism. They refuse to acknowledge what’s patently obvious for anyone with eyes and a brain to see and take in and be a little horrified by: the economy sucks. But there are the Democrats, every day, they trot out a new figure, surrogate, talking head, to parrot the same old point: things are great! Never been better! It’s morning in America, folks!!
No wonder people don’t trust them when it comes to the economy. And because the economy is the biggest issue on people’s minds, their top priority, that’s not just a Very Big Problem — it’s a Colossal Mistake, an amateur’s mistake of politics, that is having awful consequences. Americans don’t trust Biden on the biggest issue of all, which is their futures.
But all of that just raises the question: should they? There are three sure things in life, death, taxes, and the Democrats sucking hopelessly at messaging. Should Americans let poor messaging obscure the facts for them? You see, the economy sucks, that’s true. But it’s not all that’s true.
The economy sucks for a reason. That reason is simple. Climate change. Why are prices skyrocketing? Because we’ve hit the planet’s limits. You’ve heard me discuss this a billion times, and it only gets truer every year. My fellow economists will tell you, breathlessly, that “inflation’s coming down!!” LOL — everyone that actually has to buy groceries, which isn’t Larry Summers, that’s for sure, feels the pain a little more every time they go to the supermarket. Prices coming down? Not for basics. They’re coming down for some things. But inflation for food? Energy? Household goods? All of which require vast amounts of biotic inputs? They’re way, way above “core” inflation. (Read more on this, including sources and links, here.)
We are beginning to experience the mega-scale effects of climate change, and they’re already catastrophic. The last few years of skyrocketing inflation? Good luck to you if you think it’s ever really coming down on a planet where harvests are now failing, rivers running dry, reservoirs running on empty, fields going up in flames, and the temperature still rising every year because, well carbon emissions are. If we don’t reinvent our economies? We do not have a future.
It’s a weird and sad thing, because in my field? Nobody will say it. Economists will look at a planet on fire, running out of water, energy, crops, and not notice a damned thing. It’d be funny, if it weren’t so painful. And because economists won’t say it, neither will politicians. Not really, anyways. Not enough. And because politicians won’t say it?
The far right is surging. Across the globe. You see, the far right does three things that the center left won’t. It acknowledges that the economy sucks. It acknowledges people are facing immense, pain, anxiety, and despair because of it, worried for their futures, their childrens’ futures, their communities, their livelihoods. And then it offers people an explanation.
That explanation, as we all know, is pointing the finger of blame at poor innocents. Scapegoating is the trend that’s already defined the 21st century. In Britain, Europeans are the scapegoats for the woes of the “real” Brit, in Europe, North Africans often are, in North Africa, it’s the rest of Africa. In India, it’s Muslims, in China, it’s not “real” Chinese, and so on. The world is playing a game of musical chairs of doom, because, well, everyone can’t be responsible for everyone else’s problems, and yet this is what all this scapegoating implies, only the center left is too weak, supine, and foolish to even point that much out, but I digress.
It works. Hate. It is working all too well. A short list of nations where the hard right is now in power? Italy, Sweden, Britain, India, China, Russia…America. It’s an ominous and dismal trend we face, and yet, the center left won’t even acknowledge it.
Why? Why is the far right surging? Because of those three things. It offers people acknowledgement, that there is a real problem they face, the economy sucks, and another form of acknowledgement, that they’re in confusion and fear and pain because of it. And then it offers them an explanation. Those innocents are responsible! They took your jobs, and now they’re coming for your women and kids!
It’s the DeSantis play, if you’re American — Trump’s scapegoats were Mexicans, Latinos, immigrants — DeSantis has expanded that to include kids, teachers, professors, journalists, families, women, the LGBTQ.
Now think again of the center left. It won’t acknowledge the economy sucks. It won’t therefore acknowledge people are hurting because of it. And not being willing to do that, it doesn’t offer an explanation. How can it? It can hardly offer an explanation for a problem it won’t even acknowledge exists.
This is serious, my friends. Climate denial is a problem on the right, a big one. But on the center left? Economic denial is just as big a problem. You can’t expect to win people’s trust, after all, if you’re denying the basic reality of their everyday lives. Ask Americans, and you’ll hear, in spades, that they think the economy sucks. Can so many people really be deluded? Are they all living in a fairy tale? That’s what the center left would have you believe. And that’s why it’s not trusted on the biggest — and more importantly, most decisive — issue there is, the economy. It won’t tell it like it is.
This is why Biden’s approval ratings are consistently in the tank. In America. But around the world? Something very different is true. The world looks up to Biden. In a way they haven’t to an American President in a very long time. And there’s a reason for that. Go to Europe, and Europe’s leaders are racing to copy Biden’s plans to transform the American economy. Europeans know it, and for the first time in ages, they sense that America’s pulling ahead of them. Go to Asia, and the same is true: Biden’s widely admired, because he’s not just transforming the American economy, doing so’s going to reinvent the global economy, and guess who’s in the crosshairs of climate change? That’s right, Asia.
The world respects Biden. It listens to him. That isn’t because he’s an American President — it mocked Trump, who became a global laughingstock. It’s because Biden has earned that respect. And he’s earned that respect not just with a big vision, a grand plan, but actually following through on it. Many people around the world wish they had a leader like that. Someone who was that engaged with the task of reinvention. Who was willing to invest in building the systems and institution of the future. This is why when Biden talks, now? All of Europe’s most senior leaders, and the world’s, listen.
Now, if you’ve been paying attention, you’ve noted a curious paradox here. Biden has Big Plans to reinvent America’s economy. And yet the Democrats’ line goes: the economy’s great, guys!! But if the economy’s great….why is there any need to reinvent it? You can see how illogical this messaging, this proposition is. It makes literally no sense. It’s the kind of contradictory nonsense that breeds mistrust and distrust.
By now? We are all beginning to understand why the economy sucks. Even if we’re figuring it out the hard way. No, can’t be Covid, nobody’s locked down anymore. Can’t be this war or that war, they’re grinding on, but they can’t have these kinds of crazy worldwide effects. Can’t just be a seasonal or temporary thing, because, well, it’s not going away — every time I go the store, things cost a dollar more. What gives? Hmm. I bet it has something to do with those headlines I keep reading about. This harvest failed this month. That river’s running dry. Those reservoirs are empty. That fertile zone’s going up in flames. That’s got to affect prices, right? Christ, this is going to be…going to be…painful.
There’s less and less confusion about why the economy sucks. The first couple of years of the 2020s were the arrival of climate change’s mega-scale impacts. But this year? People have begun putting the obvious together. Man, I’m going to need to invest in my own renewable power. Change my diet. If I want to try to find ways to save some money, in the middle of this madness, I’m going to have to figure out how to consume less, and still maintain my living standards.
That is really what’s happening here, and it’s a civilization scale change. We cannot go on consuming like we once did. That’s not some kind of moral judgment or warning, it’s already happening. It’s what skyrocketing prices mean. Our consumption rate as a civilization now has to fall dramatically, or else its lights out, faster and faster. What’s left is dwindling in supply, and so of course, all those basics go on getting more and more expensive.
And yet it’s…and this is the weird part…Joe Biden who has a plan to fix all this. It’s not the whole plan, but at least it’s a step. If you looked for the world’s most ambitious national plan to reinvent the economy so that everything didn’t go on crashing and burning while the grim reality of climate change arrived? You’d end up at America’s.
That’s truly weird, because America’s never had a national plan or strategy for much of anything. Why not? Because of course the GOP won’t allow it. They don’t want anyone to have anything, not even rights, so what is there to build systems and institutions for? The only thing they want to build — literally the only agenda they have — is building shadow institutions and systems, to police people for rights they’ve lost. Can’t read that book, kid, sorry, parents, you’re criminals because you let your kid wear a dress, sorry teacher, you’re going to jail because you said gay people exist. Good luck having a national strategy for, oh, the end of the world as we know it, when all these lunatics want is medieval theocracy by way of 1930s style fascism.
It’s doubly weird that America’s got the best strategy for all this — let me make that clear quickly, Biden’s plan is to make America the world leader in clean energy, green manufacturing, and semiconductors — because, well, usually it’s Europe that’s led the way in Grand Plans. Connecting a whole continent, or most of it, with high speed rail? Cutting edge healthcare systems — free to use? Higher education for all — affordable? Democracy — on a continental, post-national scale? Citizenship not just of your country, but of a continent-wide union, that lets you live and work anywhere in it, and enjoy all those sophisticated public goods? Amazing stuff — history-making. And yet, right now? America’s the one with the most sophisticated and advanced plan for…surviving the Age of Extinction. And that’s thanks to Joe Biden.
I’m not kidding. Europe? Some of its countries have plans to become niche players — the Netherlands trying to carve out an economy providing green agriculture for the world. But Europe is behind the American curve in a big way — for example, Sweden just put the far right in power, and their very first move was…dissolving the Environment Ministry. LOL. Europe is being left in the dust by the ambition and scale of Biden’s plans, and that’s why Europe’s most experienced leaders — from Von Der Leyen to Macron — are racing to figure out how to try and copy it, on an EU-wide scale.
Now. Put all that together, and you should see the problem very clearly. Let me try to summarize it. The Democrats keep trying to force a Big Lie of their own down peoples’ throats — the economy’s great! Everything’s roaring! But the economy sucks. To the degree that people can’t afford groceries without deeper and shadier kinds of debt. That’s…dire. People know the economy sucks, because they’re unfortunately living it. So when the center left tells them its own Big Lie — everything’s great, guys!! — they roll their eyes. And the bond of trust isn’t built. That leaves many of them, particularly in the working class, vulnerable to being seduced by the Big Lies of the far right, who at least acknowledge their woes, and offer them an explanation, and a way out: hate.
Meanwhile, the profound irony in all this it’s if there’s one figure in the world today who’s actually got a plan to deal with the above? That figure is Biden. I don’t say that as a fanboy — I’ve been very critical of Biden in the past. But facts are facts, and it’s my job to share them.
And yet because Biden is being bound by the Democrats and the center lefts’ approach to all this — sshhh! Don’t ever say the economy sucks! — he now faces a Big Problem, which is almost a funny one.
The one guy in the world who has a plan for to reinvent the economy isn’t trusted on it. And that’s because Biden, bound by the foolish rules the center left has made up, won’t open up and be honest enough about it. Yes, guys, the economy sucks. I know you know. You’re beginning to guess the reason, too. Extinction. It’s serious. It’s historic. This is a critical turning point for humanity. This is why I have these big plans to reinvent the economy. Because without one that actually works, in a post-industrial way? Everything dies, from our basics, to democracy itself. The far right just takes over, because that’s what happens when sudden, heart-stopping plunges into poverty arrive out of nowhere — people are that much more easily seduced by hate, angry and afraid. Not on my watch. I know the economy sucks. Why do you think I’m out here reinventing it? So we have a better one, and with that, comes a better everything else, too — democracy, institutions, systems, trust, happiness, upward mobility, confidence, meaning, community. This is how we invent the future again.
I don’t know if Biden will say all that. I know that he should. Because this game of being afraid to tell the truth that the economy sucks isn’t just painfully cosmically ironic for the one guy in the world who has a plan to fix it…it’s costing him, and it might just cost him the election.
That leaves it, then, up to you and me. Biden’s a good President. We should give him a chance to be a great one. Because when we say we want a better economy…who else is actually working to make it happen? Ron DeSantis? Donald Trump? There are many ways to fall for a Big Lie. “Those innocent people are to blame!!” You hate, and the demagogue laughs. “The economy’s great!” when it’s not. Rolling your eyes, you vote for the other guy. The one who has no plan to fix it, or anything at all. Instead of thinking to yourself, hey, these guys are scared to tell me the truth. How do I show them I can handle it?