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As a true market entrepreneur, as opposed to a political entrepreneur, James J. Hill successfully built a transcontinental railroad, outcompeting his government-subsidized competitors.
Original article: https://mises.org/mises-wire/myth-robber-barons-james-hill-versus-crony-competitors
The “Democratic penalty” should scare the hell out of Democrats.
The Democratic Party brand has become toxic in certain parts of the country, especially with working- class voters. The Center for Working-Class Politics has actually measured this so-called “Democratic penalty,” and found it’s in the double digits in some Rust Belt states.
So what should Democrats do about it?
One theory says that Democrats were once economic populists and just need to be again. Another theory says that the working class feels left behind and looked down on by a Democratic Party that has moved sharply left on culture, on climate, on guns, on immigration.
Jared Abbott is the director of the Center for Working-Class Politics, which has done a lot of research and polling on working- class voters. So I asked him on the show to talk through these theories and what it would take for Democrats to once again be the party of the working class.
Mentioned:
“Compensate the Losers?” Economic Policy and Partisan Realignment in the US
Book Recommendations:
Rust Belt Union Blues by Lainey Newman and Theda Skocpol
We’re Still Here by Jennifer M. Silva
America, América by Greg Grandin
Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.
You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.
This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris. Our senior engineer is Jeff Geld, with additional mixing by Isaac Jones. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Annie Galvin, Kristin Lin, Emma Kehlbeck, Jack McCordick, Marina King and Jan Kobal. Original music by Aman Sahota and Pat McCusker. Audience strategy by Kristina Samulewski and Shannon Busta. The director of New York Times Opinion Audio is Annie-Rose Strasser.
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President Trump demolishes the White House’s East Wing to make room for his ostentatious 90,000 square foot ballroom. Jon, Dan, and Alex Wagner — host of Crooked Media’s newest podcast “Runaway Country” — react to the the demolition and the latest news, including Trump’s demand that the Justice Department pay him $230 million in taxpayer money, his pardon of a crypto CEO convicted of failing to report terrorist organizations who used his platform to launder money, and the latest from 2025’s most important elections in New York, New Jersey, and Virginia. Then, Tommy is joined by the Pipeline Fund’s Denise Feriozzi to talk about building a deeper Democratic bench and why it’s so important for people to run for local office.
For a closed-captioned version of this episode, click here. For a transcript of this episode, please email transcripts@crooked.com and include the name of the podcast.
Get tickets to CROOKED CON November 6-7 in Washington, D.C at http://crookedcon.com
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Once again, the Trump administration’s “dealmaking” on international trade has blown up, this time pulling the rug from under US soybean farmers. This isn’t the first trade policy fiasco, nor will it be the last.
Original article: https://mises.org/mises-wire/america-hurts-farmers-and-discounts-chinas-soy-imports-while-providing-crutch-argentina
As the agonizing over the White House ballroom continues, we continue to analyze it. And what's up with Donald Trump's interest in Argentine beef? Finally, we get to the NYC mayoral race and how Zohran Mamdani, if elected, might respond to his base. Give a listen.
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The concept of “planned obsolescence” makes no economic sense and is often an excuse for governments to harass and shake down innovative entrepreneurs. Much of so-called planned obsolescence is really entrepreneurship at work improving products for users and consumers.
Original article: https://mises.org/mises-wire/myth-planned-obsolescence