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Noah Smith 🐇
@Noahpinion
, 14 tweets, 5 min read Read on Twitter
1/Today's @bopinion post is about why of all the candidates in the race, Elizabeth Warren feels like the one who could be the next FDR.

bloomberg.com/opinion/articl…
2/Warren has released a huge number of startlingly detailed policy plans.

If elected, she'll be ready to go from day 1.

nytimes.com/2019/06/10/us/…
3/These plans stand out from those of many of Warren's Democratic peers not just in their number and level of detail, but in their approach.

This is not a laundry list. It's a coherent vision for transforming the U.S. economy.
4/Example 1: Co-determination.

This would transform the U.S. corporate system to make workers official stakeholders in the companies they work for.

bloomberg.com/opinion/articl…
5/Co-determination IS about transferring economic power from shareholders and managers to workers.

And it IS the only really novel idea for doing so.

But it's not JUST about power. If done right, it is also about productivity.
6/Next is Warren's plan for "breaking up" Big Tech.

medium.com/@teamwarren/he…

If you read the proposal, you'll see it's mostly *not* about breaking up companies. It's about regulating platforms, in ways that allow smaller businesses to continue to thrive.
7/Another encouraging sign is Warren's housing plan, which would use a combination of upzoning, construction incentives, and assistance for low-income renters and homebuyers.

bloomberg.com/opinion/articl…
8/And then there's industrial policy.

This is going to alienate a lot of orthodox economic thinkers, but I really like what Warren is doing here. And of all the candidates, she is the only one who has articulated a vision like this.

bloomberg.com/opinion/articl…
9/Warren's plans ARE strongly progressive. They contain a lot of redistribution, not just of money but of power.

But they are also very focused on economic GROWTH and productivity.

A few years ago I called for a "New Industrialism". This is it.

bloomberg.com/opinion/articl…
10/Warren's progressive industrialism looks a lot like that of...Franklin Delano Roosevelt.

theatlantic.com/ideas/archive/…
11/In their book "Concrete Economics", @delong and Stephen S. Cohen called for concrete ideas that would present a tangible vision to Americans and show them exactly what their economy would give them.

I believe Warren is doing exactly that.

hbr.org/product/concre…
12/This is not to say I like every specific element of Warren's plans.

There are definitely some problems that will need to be ironed out.
13/But no set of plans is perfect. No policy program is without errors and missteps. The New Deal certainly had its share!

Instead of picking apart the minutiae, I focus on the broad strokes, and here, Warren just keeps winning my admiration and approval.
14/If you want a president that transforms the U.S. economy in a way similar to the way FDR did, then Warren seems like your best bet.

(end)

bloomberg.com/opinion/articl…
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Noah Smith 🐇
@Noahpinion
NYC is the exemplar of America's urban revival. It's also an exemplar of the problems now facing America's superstar cities. And its responses to those problems may be a harbinger of what's to come in other cities.

bloomberg.com/opinion/articl…
NYC is the poster child for American urbanism. It's super-safe, wildly prosperous, and legendarily fun.
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Noah Smith 🐇
@Noahpinion
Here is a news story that scares me.

bloomberg.com/news/features/…
The reason it scares me is that the government is purging not just Chinese *nationals* from these research centers, but Chinese AMERICANS as well.

The assumption being, apparently, that Chinese *ethnicity*, not just Chinese nationality, is a reason to suspect dual loyalties.
For every 1 actual instance of spying this policy prevents, it's going to make 1000 people resent America who otherwise would have been patriotic.
Read 3 tweets
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Noah Smith 🐇
@Noahpinion
1/Just some random thoughts on candidates and political messaging.

When a candidate and their supporters constantly go negative, it turns me off. Not because it lacks decorum or civility or blah blah blah, but because it feels like a sign of weakness.
2/If you have a really good candidate - an inspiring candidate with an inspiring vision for the country - you should be broadcasting that message most of the time. Showcasing that admirable person and that inspiring vision.
3/In contrast, if you're spending most of your time attacking other candidates, it feels like your own candidate is a void. It feels like you're implicitly arguing that your own candidate is the lesser of evils, or the best house in a bad neighborhood, etc. etc.
Read 10 tweets

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Megan McArdle
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Oh, look, Elizabeth Warren is bringing up her work on medical bankruptcy! Of which I have been sharply critical! bloomberg.com/opinion/articl…
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David Fickling
@davidfickling
If you've not been reading @bopinion you may have missed the tsunami of peerless commentary on China's slowing economy in recent weeks.

I'm so proud to be working with this team -- check out some of what we've published so far in 2019 (thread):
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I Want the Truth!
@DougieFreshii
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