Winston Churchill said “Never let a good crisis go to waste.”
In 2026 odds are that the “AI Bubble” will burst, and take down Wall Street and the rest of the US economy in a crash that would dwarf 2008.
But instead of automatically bailing out the tech billionaires who have forced this whole mess down everyone’s throat, this is the opportunity to level the income inequality playing field when they are at their most vulnerable.
A massive, progressively-driven Democratic win in the mid-terms could make possible what never seemed within reach before: Medicare for All, Wealth Taxes, free public college education, massive investments in housing and infrastructure, reversing regulations that allow business to shamelessly exploit consumers.
But we can’t wait until the crash happens to take action and after millions are already suffering. The time to build a framework for an American Recovery, on the scale of FDR’s New Deal, is now, before the election. In fact, there is no better starting point than FDR’s 1944 “Second Bill of Rights” address which lays out a plan for a fair and equitable future that might have been had he lived.
Together with the affordability issue, the party needs to decisively demonstrate to the working and middle class who’s side they are really on, and lock in a majority for years to come, to see grand plans through to their successful completion.
Please watch Paul Krugman’s prescient and well-supported warning about the approaching danger here .