Tom Steyer, get in there

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Look, this "dramatic break" stuff is simply not true. Domestic politics & geopolitics have shaped economic policies for ~forever, even as, yes, the causal arrow goes both ways. People have written vast piles of books & articles about this. An entire field, called "international political economy" 🤷‍♂️

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A striking fact I learnt researching my book: For those in the bottom half, much of the real wage growth between 1979 and 2019 happened over just 7 "tight" years. For top wages, full employment wasn't a big deal. For bottom wages, it was the nearly the whole game.

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I thought this passage from Karl Polyani's "The Great Transformation" (1944) was particularly apt for our time. "The outstanding discovery of recent historical and anthropological research is that man’s economy, as a rule, is submerged in his social relationships." 1/4

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The more I see people I've known go down the radicalisation spiral the more I can see the pattern. A particular combo of predisposition, bitterness, a trigger moment, attention from the new tribe.... over and over.

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