Daron Acemoglu Profile picture
Nov 8 1 tweets 4 min read Read on X
This is a repost of my original thread about Trump's election, which has since disappeared. This time I am reposting it is a single message.
I feel anxious and saddened by Trump’s election. Years of turmoil and uncertainty await us. I have also come to believe that this is not Trump’s win. It is the Democrats who have lost this election.
This is not because Biden stayed on as a candidate despite his age. It is not because Kamala Harris is not qualified (I believe she’s amply qualified). It is because of Democrats’ campaign. Dems have been losing the American workers and did nothing to regain them in this election.
Dems have ceased to be the workers’ party long ago, owing to their support for digital disruption, globalization, large immigrant flows, and “woke” ideas.
The transformation is really striking, as I have argued before: now it is the highly educated, not manual workers that vote for Democrats, and if the center-left does not become more pro-worker, it and democracy will suffer: project-syndicate.org/commentary/tru…
For a while it looked like Dems could still win elections with support from Silicon Valley, minorities, some portions of organized labor and the professional class in large cities. But this was never a healthy coalition, and even organized labor wasn’t going to remain faithful for long.
This coalition made Dems increasingly alienated from workers and the middle class in much of the country, especially in smaller cities and the South.
The message was loud and clear in 2016, and all of the soul-searching that followed was healthy. It was part of the reason why Biden adopted a pro-worker industrial strategy.
Biden’s economy delivered for the working class in terms of jobs and strengthening the industrial base of the country. Wages at the bottom rose rapidly. Policy started moving towards the views of the American workers on immigration, protectionism, support for unions and public investment.
And yet, I fear that Dem activists and the establishment never fully internalized the woes of the workers and never made enough of an effort to bring them back to the fold. They sounded distant and detached.
My test is the following: if stranded in an unknown city, would a Dem elite (typically a professional or bureaucrat from a coastal city, with postgraduate education) prefer to spend the next four hours talking to an American worker with a high school degree from the Midwest?
Or would he or she prefer to spend it with a professional with postgraduate education from Mexico, China or Indonesia? Or name your country? I asked this question to colleagues and friends, they all think is the latter --- as do I. Most Dem elites are now alienated from American workers.
It seemed at first that Harris-Walz may try to change that, emphasizing bolstering up the middle class and patriotism, in an effort to appeal to the working class deserting the party. A true effort in that direction would have been commendable, and if credible, perhaps win the election.
But at the end, the campaign focused on abortion and other issues appealing to the base. The main effort to broaden the base came from using Liz Cheney to appeal to suburban women ­--- on abortion.
Of course, abortion is a critical issue. But focusing on it was never going to win the working class, and certainly not the working-class men.
On the economy, Dems can talk about opportunity and jobs (which they need to do). But they never distanced themselves from the Silicon Valley and the global business elite (but ironically, Silicon Valley started leaving them!)
I fear that, now, Trump and Vance’s Republican Party will be the main home for workers, especially manufacturing workers and those in smaller cities.
I am saddened and fearful for the United States, and I am deeply saddened about the Democratic Party --- unless this time it gets the message can truly change.
This is not just essential for the Democratic Party but for US democracy, which needs to refocus more on egalitarianism and voice for everybody, as I have argued recently: project-syndicate.org/commentary/us-… and nytimes.com/2024/07/19/opi…
What is tragic is that Biden’s agenda had started paying off for workers already (and also proving that it was possible to adopt policies that would help workers and disproving the claim that globalization and inequality were acts of nature that could not be influenced).
What is even more tragic is that the Trump-Vance policies are likely going to be for the plutocrats and not for the American workers.
I will write separately on my views of what to expect from Trump’s policies in the next thread and follow that up with another one on what this presidency might mean for the world.

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More from @DAcemogluMIT

Nov 10
And now on global risks. Trump’s effects will not be confined to within the US borders. He will increase uncertainty around the world. My assessment is that his impact may be even more negative globally than nationally.
The world is facing global challenges -- climate change, global pandemics, regulation and redirection of AI, and adaptation to aging. Global problems require supranational institutions, and those are already weak and ailing. Trump will further undercut them.
Trump’s transactional approach sits ill with global institutions. But worse, he will likely actively try to undermine several of those, including the United Nations and perhaps even the World Bank. What will happen to NATO is also uncertain.
Read 12 tweets
Nov 9
What about the economy under Trump? I don’t expect great news for workers, and I see big risks from Trump’s overall agenda, both because of his approach to AI and Silicon Valley, and because of his (likely) impact on US institutions.
Trump is coming to power at a lucky time. Biden’s signature policies are showing signs of success, but their dividends are not felt yet. They will be realized during Trump’s tenure and he will be quick to take credit.
Biden’s policies started delivering for the working class in terms of jobs and higher pay growth at the bottom (a real contrast to what we have been used to since the 1980s). The CHIPS Act and the IRA are strengthening the industrial and technological base of the country.
Read 22 tweets
Nov 8
Trump’ın tekrar seçilmesi nedeniyle endişeli ve üzgün hissediyorum. Maalesef yıllar sürecek çalkantılı ve belirsizliğin hakim olduğu bir dönem bizi bekliyor.
Diğer taraftan, bunu bir Trump başarısı olmaktan çok Demokratların kaybettiği bir seçim olarak değerlendirmenin daha doğru olduğunu düşünüyorum. Bu başarısızlığın nedeni Biden’in ilerlemiş yaşına rağmen uzun süre aday olarak kalması değil. Kamala Harris’in yetersizliği de değil (hatta ben onun fazlasıyla yeterli olduğunu düşünüyorum). Asıl neden, Demokratların kampanyasında gizli. Demokrat Parti Amerikan işçi sınıfını bir süredir kaybediyorlardı ve bu seçimde işçileri kazanmak için hiçbir şey yapmadılar.
Demokratlar dijital yıkıma, küreselleşmeye, büyük göç hareketlerine ve duyarcı fikirlere verdikleri destek nedeniyle işçilerin partisi olma niteliğini uzun süre önce kaybetmişlerdi.
Read 20 tweets
Nov 8
I feel anxious and saddened by Trump’s election. Years of turmoil and uncertainty await us. I have also come to believe that this is not Trump’s win. It is the Democrats who have lost this election.
Not because Biden stayed on as a candidate despite his age. Not because Kamala Harris is not qualified (I believe she’s amply qualified). It is because of Democrats’ campaign. Dems have been losing the American workers and did nothing to regain them in this election.
Dems have ceased to be the workers’ party long ago, owing to their support for digital disruption, globalization, large immigrant flows, and “woke” ideas.
Read 21 tweets
Jul 13
We are often told that AI will help solve the climate crisis and reduce our carbon footprint. For example, by The World Economic Forum recently: weforum.org/agenda/2024/02…
Or the Economist Magazine:
impact.economist.com/perspectives/s…
Alas, the truth seems very different. Data centers already have a huge demand for electricity and tech companies have been building them rapidly. And AI and large language models ( LLMs) have massively multiplied these demands.
Read 8 tweets
Jul 6
The Economist magazine provides a perfect illustration of what I find so troubling about the media’s coverage of US presidential elections:
economist.com/leaders/2024/0…
This is exactly what Neil Postman was worrying about in Amusing Ourselves to Death. It is a clever, memorable and effective cover, and a catchy editorial, likely to go viral because it will attract attention and amuse people:
amazon.com/Amusing-Oursel…
And of course, people are right to be worried about Biden and wish that the Democrats had a younger, more energetic and more appealing presidential candidate.
Read 7 tweets

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