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The Policy Bedrock of a True New Deal
Accepting the Democratic nomination for president 88 years ago, FDR pitched a transformative plan for a nation in crisis: a New Deal to shift not just policy but power. Today, Americans want and need change on a similar scale. “From the Movement for Black Lives to the Green New Deal coalition, movements are asking for the same basic things: a government that spends its money and political capital not on punishment, incarceration, and the status quo, but on education, jobs, care, and transformation,” Roosevelt President & CEO Felicia Wong writes for Boston Review. Read on for five policies <[link removed]> Wong says we need now.
For more coverage of Roosevelt’s True New Deal report <[link removed]>, read this Vox piece <[link removed]>, which features interviews with Wong and Duke University’s William “Sandy” Darity Jr. <[link removed]> And for more from Wong, read her latest blog post: “Toward the Light: How Joe Biden’s Convention Speech Compares to FDR’s New Deal Address.” <[link removed]>
- We can afford it: “Interest rates have been low for decades, and with pressing political issues to address, the main focus should be on how to spend. The prospect of raising taxes on the rich, however, should remain,” Roosevelt Director of Progressive Thought Mike Konczalwrites for The Nation <[link removed]>. “Taxes don’t just raise revenues; they also structure the income distribution. And raising taxes on the rich would help stop the economy from simply channeling income to executives and owners.”
Shareholder Primacy Persists
One year ago, Business Roundtable members pledged to move from a “shareholder value” model to a more community-oriented approach. But as UMass Amherst’s Chirag Lala and Roosevelt Fellow Lenore Palladino find, “CEOs continued to prioritize paying shareholders and taking on debt in late 2019 and early 2020.” Learn more about their research in a new Roosevelt blog post. <[link removed]>
An Automatic Stabilizer
Congress’s continuing failure to authorize new stimulus checks only strengthens the case for recurring direct-cash payments, Economic Security Project co-founder and Roosevelt senior advisor Chris Hughes argues in a Financial Times op-ed: “Because every recession is different, there will always be cliffhanger policy negotiations. But having direct cash on autopilot at least makes room for discussions about other emergency measures, and avoids leaving millions in the lurch.”Read more. <[link removed]>
Made to Fail
This week, the Hub Project, the Roosevelt Institute, and Goat Rodeo launched Made to Fail, a new podcast <[link removed]> that examines the decades-spanning conservative efforts to undermine foundational American institutions now strained further by COVID-19—from health care to elections. CNN legal analyst and former Obama administration official Elliot Williams hosts the eight-part series. Subscribe now. <[link removed]>
What We’re Reading
America’s Terrible Internet Is Making Quarantine Worse <[link removed]> - The Atlantic
How Big Pharma’s Racist Price Gouging Kills Black and Brown Folks <[link removed]> - ACRE
Why Hasn’t Voting Done More for Women? <[link removed]> - Vox
The 19th Amendment Didn’t Give Women the Right to Vote <[link removed]> - Vox
We Crossed the Line Debt Hawks Warned Us about for Decades <[link removed]> - New York Times
We Killed the Middle Class. Here’s How We Can Revive It. [feat. Darity] <[link removed]> - The Atlantic
The Importance of the Post Office to American Democracy <[link removed]> - The New Yorker
What the Post Office Needs to Survive a Pandemic Election <[link removed]> - ProPublica
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