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Experts including Mittelstadt, however, have said reinstating the draft might in fact help build a more inclusive society.

Despite playing an increasing role in the US military and filling combat roles, women are not required to register.

A more inclusive military draft … would compel everyone in the nation to stop and rethink about who we send to wars, how we fight – and why we fight them at all.

All American men aged 18 to 25 are required by law to register with the SSS. Many do so when applying for a driver’s license or applying for student loans. Those who do not register cannot receive federal financial aid or work for the federal government.

Should the US and Iran go to war, America’s fighting will be done by its volunteer military, about 1.3 million strong and dominated in the enlisted ranks by recruits from working-class and minority groups.

A return to the draft may remain unlikely, but the SSS says it is prepared to “rapidly provide personnel in a fair and equitable manner while managing an alternative service program for conscientious objectors”

During this time, eight American presidents assumed, or hoped, that China would eventually bend to what were considered the established rules of modernization: Prosperity would fuel popular demands for political freedom and bring China into the fold of democratic nations. Or the Chinese economy would falter under the weight of authoritarian rule and bureaucratic rot.

China’s Communist leaders have defied expectations again and again. They embraced capitalism even as they continued to call themselves Marxists. They used repression to maintain power but without stifling entrepreneurship or innovation. Surrounded by foes and rivals, they avoided war, with one brief exception, even as they fanned nationalist sentiment at home. And they presided over 40 years of uninterrupted growth, often with unorthodox policies the textbooks said would fail.

There is no simple explanation for how China’s leaders pulled this off. There was foresight and luck, skill and violent resolve, but perhaps most important was the fear — a sense of crisis among Mao’s successors that they never shook, and that intensified after the Tiananmen Square massacre and the collapse of the Soviet Union.

China’s Communists studied and obsessed over the fate of their old ideological allies in Moscow, determined to learn from their mistakes. They drew two lessons: The party needed to embrace “reform” to survive — but “reform” must never include democratization.

China has veered between these competing impulses ever since, between opening up and clamping down, between experimenting with change and resisting it, always pulling back before going too far in either direction for fear of running aground.

The careers of these men from Moganshan highlight an important aspect of China’s success: It turned its apparatchiks into capitalists.

Party leaders called this go-slow, experimental approach “crossing the river by feeling the stones” — allowing farmers to grow and sell their own crops, for example, while retaining state ownership of the land; lifting investment restrictions in “special economic zones,” while leaving them in place in the rest of the country; or introducing privatization by selling only minority stakes in state firms at first.

Mikhail Gorbachev, the last leader of the Soviet Union, tried to break the hold of these bureaucrats on the economy by opening up the political system. Decades later, Chinese officials still take classes on why that was a mistake. The party even produced a documentary series on the subject in 2006, distributing it on classified DVDs for officials at all levels to watch.

Afraid to open up politically but unwilling to stand still, the party found another way. It moved gradually and followed the pattern of the compromise at Moganshan, which left the planned economy intact while allowing a market economy to flourish and outgrow it.

American economists were skeptical. Market forces needed to be introduced quickly, they argued; otherwise, the bureaucracy would mobilize to block necessary changes. After a visit to China in 1988, the Nobel laureate Milton Friedman called the party’s strategy “an open invitation to corruption and inefficiency.”

The United States and Japan, both routinely vilified by party propagandists, became major trading partners and were important sources of aid, investment and expertise

At the same time, the party invested in education, expanding access to schools and universities, and all but eliminating illiteracy

mainland China now produces more graduates in science and engineering every year than the United States, Japan, South Korea and Taiwan combined.

In cities like Shanghai, Chinese schoolchildren outperform peers around the world. For many parents, though, even that is not enough. Because of new wealth, a traditional emphasis on education as a path to social mobility and the state’s hypercompetitive college entrance exam, most students also enroll in after-school tutoring programs — a market worth $125 billion, according to one study, or as much as half the government’s annual military budget.

party made changes after Mao’s death that fell short of free elections or independent courts yet were nevertheless significant

The party introduced term limits and mandatory retirement ages, for example, making it easier to flush out incompetent officials. And it revamped the internal report cards it used to evaluate local leaders for promotions and bonuses, focusing them almost exclusively on concrete economic targets.

These seemingly minor adjustments had an outsize impact, injecting a dose of accountability — and competition — into the political system, said Yuen Yuen Ang, a political scientist at the University of Michigan. “China created a unique hybrid,” she said, “an autocracy with democratic characteristics.”

They were rewarded with soaring tax revenues and opportunities to enrich their friends, their relatives and themselves. A wave of officials abandoned the state and went into business. Over time, the party elite amassed great wealth, which cemented its support for the privatization of much of the economy it once controlled.

The private sector now produces more than 60 percent of the nation’s economic output, employs over 80 percent of workers in cities and towns, and generates 90 percent of new jobs

the bureaucrats stay out of the way. “I basically don’t see them even once a year,” said James Ni, chairman and founder of Mlily, a mattress manufacturer in eastern China. “I’m creating jobs, generating tax revenue. Why should they bother me?”

even as he wraps himself in Deng’s legacy, Mr. Xi has set himself apart in an important way: Deng encouraged the party to seek help and expertise overseas, but Mr. Xi preaches self-reliance and warns of the threats posed by “hostile foreign forces.

China tapped into a wave of globalization sweeping the world and emerged as the world’s factory. China’s embrace of the internet, within limits, helped make it a leader in technology. And foreign advice helped China reshape its banks, build a legal system and create modern corporations.

It was a remarkable act of reinvention, one that eluded the Soviets. In both China and the Soviet Union, vast Stalinist bureaucracies had smothered economic growth, with officials who wielded unchecked power resisting change that threatened their privileges.

Mr. Lin was part of a torrent of investment from ethnic Chinese enclaves in Hong Kong, Taiwan, Singapore and beyond that washed over China — and gave it a leg up on other developing countries

The timing worked out for China, which opened up just as Taiwan was outgrowing its place in the global manufacturing chain. China benefited from Taiwan’s money, but also its managerial experience, technology and relationships with customers around the world. In effect, Taiwan jump-started capitalism in China and plugged it into the global economy.

Before long, the government in Taiwan began to worry about relying so much on its onetime enemy and tried to shift investment elsewhere. But the mainland was too cheap, too close and, with a common language and heritage, too familiar.

Now Taiwan finds itself increasingly dependent on a much more powerful China, which is pushing ever harder for unification, and the island’s future is uncertain

Many in Washington predicted that trade would bring political change. It did, but not in China. “Opening up” ended up strengthening the party’s hold on power rather than weakening it. The shock of China’s rise as an export colossus, however, was felt in factory towns around the world.

In the United States, economists say at least two million jobs disappeared as a result, many in districts that ended up voting for President Trump.

The pro-democracy movement in 1989 was the closest the party ever came to political liberalization after Mao’s death, and the crackdown that followed was the furthest it went in the other direction, toward repression and control. After the massacre, the economy stalled and retrenchment seemed certain. Yet three years later, Deng used a tour of southern China to wrestle the party back to “reform and opening up” once more. Many who had left the government, like Mr. Feng, suddenly found themselves leading the nation’s transformation from the outside, as its first generation of private entrepreneurs.

The fear is that Mr. Xi is attempting to rewrite the recipe behind China’s rise, replacing selective repression with something more severe.

The internet is an example of how it has benefited by striking a balance. The party let the nation go online with barely an inkling of what that might mean, then reaped the economic benefits while controlling the spread of information that could hurt it.

“The basic problem is, who is growth for?” said Mr. Xu, the retired official who wrote the Moganshan report. “We haven’t solved this problem.”

“The cost of censorship is quite limited compared to the great value created by the internet,” said Chen Tong, an industry pioneer. “We still get the information we need for economic progress.”

China is not the only country that has squared the demands of authoritarian rule with the needs of free markets. But it has done so for longer, at greater scale and with more convincing results than any other.

Washington is maneuvering to counter Beijing’s growing influence around the world, warning that a Chinese spending spree on global infrastructure comes with strings attached.

both left and right in America have portrayed China as the champion of an alternative global order, one that embraces autocratic values and undermines fair competition. It is a rare consensus for the United States, which is deeply divided about so much else, including how it has wielded power abroad in recent decades — and how it should do so now.

Mr. Xi, on the other hand, has shown no sign of abandoning what he calls “the great rejuvenation of the Chinese nation.” Some in his corner have been itching to take on the United States since the 2008 financial crisis and see the Trump administration’s policies as proof of what they have always suspected — that America is determined to keep China down.

there is also widespread anxiety over the new acrimony, because the United States has long inspired admiration and envy in China, and because of a gnawing sense that the party’s formula for success may be faltering.

Prosperity has brought rising expectations in China; the public wants more than just economic growth. It wants cleaner air, safer food and medicine, better health care and schools, less corruption and greater equality. The party is struggling to deliver, and tweaks to the report cards it uses to measure the performance of officials hardly seem enough.

Now, many companies assign hundreds of employees to censorship duties — and China has become a giant on the global internet landscape.

Mr. Xi himself has acknowledged that the party must adapt, declaring that the nation is entering a “new era” requiring new methods. But his prescription has largely been a throwback to repression, including vast internment camps targeting Muslim ethnic minorities. “Opening up” has been replaced by an outward push, with huge loans that critics describe as predatory and other efforts to gain influence — or interfere — in the politics of other countries. At home, experimentation is out while political orthodoxy and discipline are in.

n effect, Mr. Xi seems to believe that China has been so successful that the party can return to a more conventional authoritarian posture — and that to survive and surpass the United States it must

Certainly, the momentum is still with the party. Over the past four decades, economic growth in China has been 10 times faster than in the United States, and it is still more than twice as fast. The party appears to enjoy broad public support, and many around the world are convinced that Mr. Trump’s America is in retreat while China’s moment is just beginning

The world thought it could change China, and in many ways it has. But China’s success has been so spectacular that it has just as often changed the world — and the American understanding of how the world works.

There is no simple explanation for how China’s leaders pulled this off. There was foresight and luck, skill and violent resolve, but perhaps most important was the fear — a sense of crisis among Mao’s successors that they never shook, and that intensified after the Tiananmen Square massacre and the collapse of the Soviet Union.

But China had a strange advantage in battling bureaucratic resistance. The nation’s long economic boom followed one of the darkest chapters of its history, the Cultural Revolution, which decimated the party apparatus and left it in shambles. In effect, autocratic excess set the stage for Mao’s eventual successor, Deng Xiaoping, to lead the party in a radically more open direction.

In other words, he appears to have less use for the “opening up” part of Deng’s slogan.

Now Mr. Xi is steering the party toward repression again, tightening its grip on society, concentrating power in his own hands and setting himself up to rule for life by abolishing the presidential term limit. Will the party loosen up again, as it did a few years after Tiananmen, or is this a more permanent shift? If it is, what will it mean for the Chinese economic miracle?

The question now is whether it can sustain this model with the United States as an adversary rather than a partner.

Trump's been busy firing officials who admit anything counter to the election-fraud narrative

Trump's administration is:Further removing troops from Afghanistan and Iraq in the final days of Trump's time as President.Contemplating new terrorist designations in Yemen that could complicate efforts to broker peace. Rushing through authorization of a massive arms sale that could alter the balance of power in the Middle East.Planning a last-minute crackdown on China.Floating the idea of a last-minute military strike on Iran, according to The New York Times.Building a wall of sanctions that make it difficult for Biden to rejoin the Iran nuclear deal Trump scuttled.Sending Mike Pompeo on the first-ever official visit by a US secretary of state to an Israeli settlement.

Here's what expires in December without further action:Provisions to beef up unemployment insuranceA deferral on student loan payments A paid family leave provisionCoronavirus relief funding for states whose tax base has been decimatedAnd a moratorium on evictionsTrump could potentially address these items with executive orders if he were to focus on them. Regardless, the first major political fight of Biden's presidency is likely to be this standoff with either a narrowly Republican- or Democratic-controlled Senate.

But across the government Trump oversees -- with actions at the Pentagon, inaction on the economy and denialism about the pandemic -- the President and his allies are undercutting President-elect Joe Biden and harming the American people, even as none of them acknowledge that they're about to be replaced.

The most important of these various nails left under the couch cushions is Trump's steadfast refusal to accept the legitimacy of Biden's win, an ultimately futile bit of pique, since Biden will take the oath of office and Trump will no longer be President in January.

It's clear many of Trump's followers are all-in in their disbelief of the election results. If Republican orthodoxy is that Biden is not a real president, it will legitimize and even demand standing in the way of his efforts to govern in the next four years, and endanger the democratic process.

If Biden is to govern as a uniter, as he's promised, he'll first have to find a way to reach people being groomed to believe the counterfactual notion that he's an election thief.

Republicans will argue Trump was similarly set up for failure by sour Democrats, but that's a false equivalence, since Democrats from Barack Obama and Hillary Clinton on down acknowledged Trump's victory in real time.

That term from above -- bunker mentality -- is an interesting one for White House aides to anonymously self-apply. I've always associated it with Adolf Hitler's end, in the bunker, surrounded by sycophants -- rejecting facts in the face of certain defeat.

They have shown that winning -- even flattering Trump's fragile ego -- means more to them than the survival of our democracy.

The talks are continuing, though Pelosi and McConnell say they are committed to completing a bill before the end of the year. Leaders plan to attach the coronavirus measure to an omnibus spending bill. Doing so may require them to pass an additional short-term funding stopgap to allow committees to write legislative language for the COVID-19 provisions. The federal government is scheduled to run out of money on Dec. 18 so a temporary bill would avoid any brief shutdown as both chambers process the package.

The proposal is expected to include more money for the Paycheck Protection Program and for vaccine distribution.

But he noted that the package was a "down payment" and that Congress would need to pass another bill in the early part of 2021.

Instead, a bipartisan group of more moderate lawmakers from both parties launched their own working group to craft a workable agreement. Groups like these frequently emerge, but it is rare that leaders fully embrace their proposals.

The biggest change to the legislation produced by the bipartisan group is the addition of a new round of stimulus checks. Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., have demanded that checks be included in the package and have considered blocking any legislation that does not include the funds.

that’s what I felt back in those days,” he said, “that everything was for sale — it was all about distraction, it didn’t seem serious. It all felt foolish and headed for a crash.”

Younger viewers do not have to fear Chase’s wrath, because they are not so obviously its object. They are also able to watch the show for hours on end, which makes the subtext and themes more apparent. Perhaps all of this has offered clarity that was not possible when the show aired. Perhaps it is easier now to see exactly who — or what — Chase was angry at.

it is easily one of the most written-about TV shows in the medium’s short history. But more than the shows that have emerged in its wake, which are subjected to close readings and recaps in nearly every major publication, “The Sopranos” has a novelistic quality that actually withstands this level of scrutiny. It’s not uncommon to hear from people who have watched the series several times, or who do so on a routine basis — people who say it reveals new charms at different points in life

Perhaps the greatest mystery of all, looking back on “The Sopranos” all these years later, is this: What was Chase seeing in the mid-’90s — a period when the United States’ chief geopolitical foe was Serbia, when the line-item veto and school uniforms were front-page news, when “Macarena” topped the charts — that compelled him to make a show that was so thoroughly pessimistic about this country?

“I don’t think I felt like it was a good time,” he told me. He is 76 now, and speaks deliberately and thoughtfully. “I felt that things were going downhill.” He’d become convinced America was, as Neil Postman’s 1985 polemic put it, “Amusing Ourselves to Death,” not an easy thing for a journeyman TV writer to accept.

“There was nothing but crap out there. Crap in every sense. I was beginning to feel that people’s predictions about the dumbing-down of society had happened and were happening, and I started to see everything getting tawdry and cheap.”

Expanded access to credit had cut into what mobsters call the shylock business; there’s no need to go to a loan shark when the payday lender will offer you similarly competitive rates. Gambling was legalized in many states and flourishes on many reservations; nearly every state in the Union has a lottery, which decimated the numbers racket. Italian American neighborhoods have emptied out — as Jacobs writes, “radically diminishing the pool of tough teenagers with Cosa Nostra potential”; this is dramatized brilliantly in the final episode of the series, when a mobster from a New York family hurries through Little Italy on an important phone call and, when the call ends, looks around to see he’s wandered into an encroaching and vibrant Chinatown. And, Jacobs notes, union membership has been decimated. “In the mid-1950s, about 35 percent of U.S. workers belonged to a union,” he writes. “In recent years, only 6.5 percent of private-sector workers have been union members.”

I was about to change the subject when he hit on something. “Have you noticed — or maybe you haven’t noticed — how nobody does what they say they’re going to do?” he said, suddenly animated. “If your sink gets jammed up, and a guy says he’s going to be out there at 5:30 — no. Very few people do what they say they’re going to do. There is a decline in goods and services that is enormous.”

Chase told me the real joke of the show was not “What if a mobster went to therapy?” The comedic engine, for him, was this: What if things had become so selfish and narcissistic in America that even the mob couldn’t take it? “That was the whole thing,” he said. “America was so off the rails that everything that the Mafia had done was nothing compared to what was going on around them.”

In “The Mafia: A Cultural History,” Roberto M. Dainotto, a professor of literature at Duke, writes that one thing our cinematic Mafiosi have that we admire, against our better judgment, is access to structures of meaning outside of market forces: the church, family, honor. The Mafia movie often pits these traditional values against the corrosive and homogenizing effects of American life.

What “The Sopranos” shows us, Dainotto argues, is what happens when all that ballast is gone, and the Mafia is revealed to be as ignoble as anything else. “Life is what it is,” he writes, “and repeats as such.”

The show puts all this American social and cultural rot in front of characters wholly incapable of articulating it, if they even notice it.

What is, for me, one of the show’s most memorable scenes has no dialogue at all. Tony and his crew have just returned from a business trip to Italy, during which they were delighted with the Old Country but also confronted with the degree of their alienation from their own heritage. They’re off the plane, and in a car traveling through Essex County. As the camera pans by the detritus of their disenchanted world — overpasses, warehouses — Tony, Paulie and Christopher are seeing their home with fresh eyes, and maybe wondering if their ancestors made a bad trade or if, somewhere along the line, something has gone horribly wrong. But we don’t know: For once, these arrogant, stupid and loquacious men are completely silent.

Around the time “The Sopranos” premiered, the N.Y.U. Law professor James B. Jacobs wrote a paper, along with a student, arguing that the Mafia, though weakened by decades of prosecutions, could come roaring back. By 2019, though, he had published a new paper called “The Rise and Fall of Organized Crime in the United States,” declaring the Mafia all but finished. “The world in which the Cosa Nostra became powerful is largely gone,” he wrote. And he cites a litany of factors that aided its collapse, a mix of technological advances, deregulation and financialization — many of the same forces that have created the stratified economy of today.

In his first therapy session with Dr. Melfi, Tony tries to explain why he thinks he has panic attacks, why he suffers from stress. “The morning of the day I got sick, I’d been thinking: It’s good to be in something from the ground floor,” he says. “I came too late for that, I know. But lately, I’m getting the feeling that I came in at the end. The best is over.” Melfi tells him that many Americans feel that way. Tony presses on: “I think about my father: He never reached the heights like me, but in a lot of ways he had it better. He had his people, they had their standards, they had their pride. Today, what do we got?”

You can see this world — one in which no one can be squeezed because everyone is being squeezed — starting to take shape from the very beginning of the show. In the pilot, Tony is fending off competition from a new waste-hauling business undercutting his company’s extortionate fees, and trying to figure out how he can get a piece of the similarly extortionate costs his health insurer paid for his M.R.I. — a procedure he had because the stress in his life had given him a panic attack.

The bien-pensant line on Tony remains that he’s a sociopath, and only used therapy to become a better criminal. This is an idea spoon-fed to the viewer in the final episodes by a contrite Dr. Melfi, in a show that spoon-feeds almost nothing to the viewer. Melfi herself might call this a coping mechanism to avoid the messier reality, which is that Tony lives in an immoral world nestled within another immoral world, both of which have only grown more chaotic because of forces outside his control.

Because of this, you can see how he reasons himself into more and more heinous crimes, justifying each and every one of them to himself. Perhaps to you too — at least, up to a point. That sympathy for Tony led contemporaneous critics to ask if people were watching the show in the wrong way, or if our enjoyment pointed to a deficiency of the heart.

t is this quality of Tony’s — this combination of privilege and self-loathing — that I suspect resonates with a younger generation, whether we want to admit it or not. He’s not so different from us, after all. He has an anxiety disorder. He goes to therapy and takes S.S.R.I.s, but never really improves — not for long, anyway. He has a mild case of impostor syndrome, having skipped some key steps to becoming boss, and he knows that people who hold it against him are sort of right. He’s still proud of his accomplishments in high school. He does psychedelics in the desert, and they change his perspective on things. He often repeats stuff he half-remembers someone smarter than him saying. He’s arguably in an open marriage with Carmela, if a rather lopsided one. He liked listening to “Don’t Stop Believin’” in 2007. He’s impulsive and selfish and does not go to church, though he does seem open to vaguer notions of spirituality. He wishes his career provided him with meaning, but once he had the career, he discovered that someone had pulled the rug out at some point, and an institution that had been a lodestar to him for his whole life was revealed to be a means of making money and nothing more. Does this sound at all familiar to you?

Like many young people, Tony is a world-historically spoiled man who is nevertheless cursed, thanks to timing, to live out the end of an enterprise he knows on some level to be immoral.

It gives him panic attacks, but he’s powerless to find a way out. Thus trapped — and depressed — it’s not so hard for him to allow himself a few passes, to refuse to become better because the world is so rotten anyway.

Tony’s predicament was once his to suffer alone, but history has unfolded in such a way as to render his condition nearly universal.

That the people in power truly had insulated themselves in a fantasy environment — not just in the realm of foreign policy, but also, more concretely, in the endless faux-bucolic subdivisions that would crater the economy. We were living in a sort of irreality, one whose totality would humiliate and delegitimize nearly every important institution in American life when it ended, leaving — of all people — the Meadows and A.J.s of the world to make sense of things.

if people still see a monster in Tony, then the monster is themselves: a twisted reflection of a generation whose awakening to the structures that control them came in tandem with a growing aversion to personal accountability in the face of these systems.

Whether that’s true or not, it offers us all permission to become little Tonys, lamenting the sad state of affairs while doing almost exactly nothing to improve ourselves, or anything at all.

This tendency is perhaps most pronounced online, where we are all in therapy all day, and where you can find median generational opinions perfectly priced by the marketplace of ideas — where we bemoan the wrongs of the world and tell ourselves that we can continue being who we are, and enjoy the comforts we’ve grown accustomed to.

In the show’s finale, as the extended Soprano family gathers to mourn the death of Bobby Baccalieri, we find Paulie Walnuts stuck at the kids’ table, where A.J., newly politically awakened, charges into a rant. You people are screwed, he says. “You’re living in a dream.” Bush let Al Qaeda escape, he tells them, and then made us invade some other country? Someone at the table tells him that if he really cares, he should join up. A.J. responds: “It’s more noble than watching these jackoff fantasies on TV of how we’re kicking their ass. It’s like: America.” Again, he’s interrupted: What in the world does he mean? He explains: “This is still where people come to make it. It’s a beautiful idea. And then what do they get? Bling? And come-ons for [expletive] they don’t need and can’t afford?”

However inartfully, A.J. was gesturing at something that would have been hard for someone his age to see at the time, which is that the ’00s were a sort of fever dream, a tragic farce built on cheap money and propaganda.

The notion that individual action might help us avoid any coming or ongoing crises is now seen as hopelessly naïve, the stuff of Obama-era liberalism.

. The “leftist ‘Sopranos’ fan” is now such a well-known type that it is rounding the corner to being an object of scorn and mockery online.

One oddity that can’t be ignored in this “Sopranos” resurgence is that, somewhat atypically for a TV fandom, there is an openly left-wing subcurrent within it

The president’s allies are newly optimistic the brightening economic mood will further discredit the notion that a recession is necessary to tame inflation.

Despite the disagreement, senior White House aides still talk to Summers frequently and routinely seek his input. Summers has been to the White House several times this year alone, even as he continues to publicly hammer Biden’s industrial policy, student loan forgiveness and other economic programs.

Along with other centrist economists, Summers says inflation remains dangerously high, warning it could reaccelerate. The latest inflation report shows prices rising by 3.2 percent in July relative to one year ago, but a less volatile measure of price increases is still at 4.7 percent. The labor market remains strong not because Biden has defied the laws of economic reality, according to Summers, but because the battle against inflation is still far from won. Summers maintains the rescue plan sparked inflation that is at risk of becoming “entrenched” — a long-term problem for consumers and businesses.

“I don’t think anybody should reach any definitive judgments until we see how things play out,” Summers said in an interview. Summers said his predictions were based on standard macroeconomic models, and not meant to be interpreted as precise estimates. “The idea that bringing down inflation has nothing to do with increasing unemployment runs different from all conventional macroeconomic assessments.”

“The Democratic Party is currently split between people who thought the American Rescue Plan was appropriately sized and absolutely necessary — and those who think it was too big and had collateral effects that were quite damaging,” said Bill Galston, a policy analyst at the D.C.-based Brookings Institution who served in the Clinton administration. “This is a moral question, but it’s also a political question. If Joe Biden loses the election principally because of economic discontent over inflation and high prices, then a lot of Democrats will conclude it was not worth it.”

Summers has also made predictions that still do not appear to have been borne out, at least not yet. In a June 2022 speech at the London School of Economics, when inflation was at its 9.1 percent peak, Summers said the nation would “need” substantially higher levels of unemployment for inflation to come down.

“We need five years of unemployment above 5 percent to contain inflation — in other words, we need two years of 7.5 percent unemployment or five years of 6 percent unemployment or one year of 10 percent unemployment,

That same month, Summers and a co-author wrote that reducing job vacancies by 20 percent “requires, on average” a three percentage point increase in the unemployment rate. The number of job openings has fallen about 16 percent with no discernible jump in unemployment

In September 2022, Summers reiterated the point to Fortune: “I’m not sure you’re restraining inflation until you get the unemployment rate close to 5 percent, and to significantly restrain inflation you’re likely to need unemployment for some period at 6 percent.” The unemployment rate was 3.5 percent then and is the same level now.

In more recent interviews, Summers has defended his estimates by pointing out that inflation remains above the Fed’s 2 percent target. In particular, Summers emphasizes that it was always the case that transitory factors — such as soaring gas prices — pushed inflation up higher, to closer to 8 percent, but that the more stable “underlying” inflation was closer to 4.5 percent.

Even with lower overall inflation, Summers argues, underlying inflation remains largely unchanged — though the decline in transitory prices makes the problem appear to be going away.

“I think it’s fair to say — given how hot the economy is — the inflation performance at this point is better than I think many standard models would have predicted,” Summers said. “But I don’t think that all establishes we’re on a confident glide path to 2 percent with current rates of unemployment.”

More liberal economists argued that Summers misdiagnosed the cause of higher inflation, and therefore missed the cure. These economists contend that price spikes were overwhelmingly caused by supply chain disruptions, including lingering shocks from the pandemic and Russia’s invasion of Ukraine, not by too much government stimulus. As supply chains have normalized, so too has inflation.

Skanda Amarnath, executive director of the left-leaning think tank Employ America, emphasized that inflation is “now broadly decelerating,” not just in some idiosyncratic or transitory factors such as energy and used cars but across a large range of categories — household furnishings, technological equipment, wages, legal and professional services, and more.

“Remember when the experts said that to get inflation under control we needed to lower wages, and drive up unemployment? I never bought that,” Biden tweeted on July 20. “Instead, I focused on getting more Americans into the workforce, fixing our broken supply chains, and lowering costs.

Summers remains unconvinced about the rescue plan, pointing to substantial “unhappiness in the middle class about the state of the economy” over the last two years, mostly driven by inflation.

while Trump deserves credit for upsetting the apple cart in terms of conventional wisdom with regards to China relations, the Biden administration is correct to pursue those previous actions to their logical conclusion. . . .

it bans chips but it also bans equipment as well (and, given the restrictions it places on U.S.-persons, also bans the service of existing equipment).

That certainly increases the motivation for China to build alternatives, but it is tough to get strong legs when you have to first figure out how to make weights (but the weights involve the most complex tools ever invented by humans).

now the Chinese have to reinvent every wheel in the process just to get to par as it exists in the West circa 2022.

we talked about an accusation we sometimes hear:It’s nice that you right-wingers have come around since 2016, but the Republican party was always like this.

I argued that I don’t think this criticism is really right. Let’s pretend that you were a Republican in 2000 and you cared about:Robust foreign policyThe spread of democracy abroadThe rule of lawFree trade

Well, guess what: The Democratic party is now your natural home for those priorities. Sure, the Democrats also have some stuff you’re against, like political correctness and student loan forgiveness and expansion of the welfare state.

I hope you’ll watch this video clip. Because it’s not what Tuberville is saying so much as the crowd’s reaction to it. The guy is basically doing a Supreme Grand Wizard routine—all that’s missing is the n-word—and the crowd forking loves it.

at the same time, I understand—I think—what these critics mean. What they mean is:

Republican voters were always revanchists motivated not by high-minded intellectual arguments, but by simple animosities. Like racism.

And when you put it this way, I think the criticism is valid. For example:

The point is that the Republican party has changed along some very important, policy and ideological vectors. It really wasn’t always like this.

the actual Republican voters at this rally? They got crazy for it. They are into it.

Is there any way to read this except as an expression of cut-and-dried, out-and-proud, no dog whistle racism?

we can stipulate that the majority of Republican voters aren’t motivated in large part by racial animosity. I want to be as generous as possible so that Republicans reading this don’t think that they, personally, are being accused.

However small the minority of out-and-out racists in the Republican voting ranks might be, it’s much larger than people like me thought it was 20 years ago.

And any Republican/conservative who can’t come to grips with that today—who is still pretending that their coalition is motivated either by either high-minded political theory or benign tribalism—has to be trying (hard) not to see the truth.

the real problem with Mr. Andreessen’s manifesto may be not that it’s too outlandish, but that it’s too on-the-nose.

Neoreactionary thought contends that the world would operate much better in the hands of a few tech-savvy elites in a quasi-feudal system. Mr. Andreessen, through this lens, believes that advancing technology is the most virtuous thing one can do.

And the way we regard that wealth as a product of good decision-making and righteous hard work, no matter how many billions of dollars of investors’ money they may have vaporized, how many other people contributed to their success or how much government money subsidized it

In the case of ordinary individuals, however, debt is regarded as not just a financial failure but a moral one. (If you are successful and have paid your student loans off, taking them out in the first place was a good decision. If you haven’t and can’t, you were irresponsible and the government should not enable your freeloading.)

He articulates (albeit in a refrigerator magnet poetry kind of way) a strain of nihilism that has gained traction among tech elites, and reveals much of how they think about their few remaining responsibilities to society.

This strain of thinking is disdainful of democracy and opposes institutions (a free press, for example) that bolster it. It despises egalitarianism and views oppression of marginalized groups as a problem of their own making.

Who is doing the telling here, and who is being told? It’s not technology (a term so broad it encompasses almost everything) that’s reducing wages and increasing inequality — it’s the ultrawealthy, people like Mr. Andreessen.

It argues for an extreme acceleration of technological advancement regardless of consequences, in a way that makes “move fast and break things” seem modest.

Mr. Andreessen claims to be against authoritarianism, but really, it’s a matter of choosing the authoritarian — and the neoreactionary authoritarian of choice is a C.E.O. who operates as king.

it is taken seriously by people who imagine themselves potential Chief Executive Authoritarians, or at the very least proxies. This includes another Silicon Valley billionaire, Peter Thiel, who has funded some of Mr. Yarvin’s work and once wrote that he believed democracy and freedom were incompatible.

how did they sell so many other people on it? By pretending that for all their wealth and influence, they are not the real elites.

When Mr. Andreessen says “we” are being lied to, he includes himself, and when he names the liars, they’re those in “the ivory tower, the know-it-all credentialed expert worldview,” who are “disconnected from the real world, delusional, unelected, and unaccountable — playing God with everyone else’s lives, with total insulation from the consequences.”

His depiction of academics of course sounds a lot like — well, like tech overlords, who are often insulated from the real-world consequences of their inventions, including but not limited to promoting disinformation, facilitating fraud and enabling genocidal regimes.

“We are told that technology takes our jobs,” Mr. Andreessen writes, “reduces our wages, increases inequality, threatens our health, ruins the environment, degrades our society, corrupts our children, impairs our humanity, threatens our future, and is ever on the verge of ruining everything.”

You can see it in the way we valorize the C.E.O.s of “unicorn” companies who have expanded their wealth far beyond what could possibly be justified by their individual contributions

The argument for total acceleration of technological development is not about optimism, except in the sense that the Andreessens and Thiels and Musks are certain that they will succeed. It’s pessimism about democracy — and ultimately, humanity.

the billionaire classes of Silicon Valley are frustrated that they cannot just accelerate their way into the future, one in which they can become human/technological hybrids and live forever in a colony on Mars

In pursuit of this accelerated post-Singularity future, any harm they’ve done to the planet or to other people is necessary collateral damage. It’s the delusion of people who’ve been able to buy their way out of everything uncomfortable, inconvenient or painful, and don’t accept the fact that they cannot buy their way out of death.

“People have faced higher prices and that is difficult, but that doesn’t explain why people have not cut back,” she said of a phenomenon known as revealed preference. “They have spent as if they see nothing but good times in front of them. So why are their actions so out of whack with their words?”

Many said their own finances were good enough — they had jobs, owned houses, made ends meet. But they felt as if they were “just getting by,” with “nothing left over.” Many felt angry and anxious over prices and the pandemic and politics.

Also, economists said, wages have increased alongside prices. Real median earnings for full-time workers are slightly higher than at the end of 2019, and for many low earners, their raises have outpaced inflation. But it’s common for people to think about prices at face value, rather than relative to their income, a habit economists call money illusion.

“The pandemic shattered a lot of illusions of control,” Professor Stevenson said. “I wonder how much that has made us more aware of all the places we don’t have control, over prices, over the housing market.”

Inflation weighed heavily on voters — nearly all of them mentioned frustration at the price of something they buy regularly.

Consumer prices were up 3.2 percent in October from the year before, a decline in the year-over-year inflation rate from more than 8 percent in mid-2022. But inflation “casts a long shadow on how people evaluate things,” said Lawrence Katz, an economist at Harvard. Some people may expect prices to return to what they were before — something that rarely happens

Those feelings may be driving attitudes about the economy, economists speculated, sounding more like their colleagues from another branch of social science, psychology.

Younger people — who were a key to President Biden’s win in 2020 but showed less support for him in the new poll — had concerns specific to their phase of life. In the poll, 93 percent of them rated the economy unfavorably, more than any other age group.

“Everyone thinks a wage increase is something they deserve, and a price increase is imposed by the economy on them,” Professor Katz said.

There’s a sense that it’s become harder to achieve the things their parents did, like buying a home. Houses are less affordable than at the height of the 2006 bubble, and less than half of Americans can afford one.

“More than likely, half my income will go toward rent,” he said. “I was really hoping on that student loan forgiveness.”

Yet overall, economists said, data shows that more people are quitting jobs to start better ones, moving to more desirable places because they can work remotely, and starting new businesses.

He said he makes almost $80,000, serving in the military and working as a DoorDash deliverer, yet feels he had more spending money a decade ago, when he was two pay grades lower.

he uncertainty Mr. Blanck and Ms. Linn share about the future ran through many voters’ stories, darkening their economic outlook.

“The degree of volatility that we’ve experienced from different events — from the pandemic, from inflation — leaves them not confident that even if objectively good things are going on, it’s going to persist,”

In response to the pandemic, the United States built an extensive welfare state, and it has since been dismantled. While wealth has increased for families across the income spectrum, data shows, and there are indications that inequality could be shrinking, the changes have been small relative to decades of growing inequality, leading to a sense for some that the system is rigged.

“When things are going well, that means rich people are getting richer and all of us are pretty much second,” said Manuel Zimberoff, 26, a manufacturing engineer in Philadelphia. “And if things are going poorly, rich people are still getting richer, and all of us are screwed.”

For roughly two decades, partisanship has increasingly been correlated with views about the economy: Research has shown that people rate the economy more poorly when their party is not in power. Nearly every Republican in the poll rated the economy unfavorably, and 59 percent of Democrats did.

He brought up U.S. funding in Ukraine and the Middle East. He wanted to know: Is that the reason our economy is “slowing down?” He wasn’t sure, but he thought it might be. He plans to vote for “the Republican, any Republican,” he said. “Democrats have disappointed me.”

It often borrows the language of social justice movements

BimboTok came about at a time when the girlboss had more or less faded as a trendy cultural type

“I don’t know what the economy is, I don’t know what supply and demand is,” Ms. Chlapecka says in one video. “All I know is that our problems would be solved if we’d just print more money.” There’s a way in which her monologues can come to feel almost incisive — why can’t we print more money? The answer is complicated, obviously, and on some level Ms. Chlapecka knows that. “I’m asking a lot of questions that, yes, I have the answer to, but are also valid,” she said. “The whole world we made is literally made up, so we can make up solutions to the issues we have.”

Bimboism is the antithesis of the mode of feminism that was dominant in the 2010s, a kind of hyperambitious you-can-have-it-all feminism that can be summed up by the label “girlboss.”

It encourages asking the dumb questions that get to the heart of things.

Amid the resurgence of leftist politics, and the disillusionment with capitalism among millennials and Gen Z, the framing of careerism and individualism as feminist rings hollow

That girlboss model was critiqued for its lack of inclusivity — its overwhelming whiteness and its focus on a level of economic success that was never attainable for a vast majority of women.

Not to mention, girlboss aesthetics are simply cringe, for a generation steeped in internet irony.

In its most interesting form, bimboism also makes a connection between the ideas of pleasure — sexual pleasure, pleasure in clothes, pleasure in simply existing as a woman in the world with a body on display — and political gains that would make it more possible, like universal health care, student loan debt cancellation and abortion rights.

It’s anticapitalist, even anti-work. (In one video, another BimboTok comedian, @brattybarbiana, dances behind text that reads, “Rule of thumb: All relationships should be 50/50 … He works for his money, I spend it!”)

Bimboism offers an opposing and, to some, refreshing premise: Value me, look at me, not because I’m smart and diligent, but for the fact that I’m not.

But to dismiss this corner of the internet as totally backward would be to miss the point.

Is it really leftist for a woman to want to just go shopping and never get a job?

“Are you a leftist who likes to have their tits out? Do you like to flick off pro-lifers?” Chrissy Chlapecka asks the camera in a 51-second TikTok captioned “BIMBOS, RISE