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Remember when it was trendy in Blue circles to decry Walmart for having too low prices? The high cost of low prices. There was a whole fucking cultural
thingabout it.I'm not pointing fingers at the specific readers on TheMotte or anything, but after 3 decades of observing American politics, I might be forgiven for concluding that we have the historical attention span of a lemming. Every few years something hits the zeitgeist and it's as if ever happened before.
For a contemporary version, consider this Substack which excerpts the author's paywalled article in New Statesman, the main left-wing political magazine in the UK. The basic these is that the UK has been excessively focussed on low consumer prices (unspoken, except for housing) when we should have been thinking about industrial policy and resilience. But the core beef of the political movement that New Statesman readers are part of is about middle-class living standards.
Both right-populists and left-populists are telling a story where manufacturing is special such that prioritising reshoring manufacturing over middle-class living standards will nevertheless produce higher middle-class living standards.
I don’t think it’s that coherent. Certainly, much of the left populace isn’t willing to do what’s necessary for energy and environmental review in order to restore.
Look at the pretty mild permitting bill that’s presumably now DOA. The left wing is up in arms against it because in relaxing the permits for clean energy, it would also relax those for natural gas
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Old wine, new bottle
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You hardly have to stretch that far -- Blues have been complaining that specifically gas is too cheap for years! There's a reason California has a gas tax of $0.73 per gallon while Alaska charges $0.08.* That's not a small difference; the whole economic impact of the Iran War, which has apparently doomed the entire Republican party, is only around twice that, and only for the last 8 months while CA's gas tax is permanent and only growing. I think an honest progressive with orthodox views on climate change would, while doubtless sincere in their opposition to the Iran War, be compelled to admit if asked that it's not because of the increase in gas prices; that in fact they are an ameliorating factor, unsatisfactory only in that they're still insufficient.
Granted, democrats (which are not all progressive) haven't had the balls to actually implement such policy on the federal level... but they have in California. Why haven't voters, so very concerned with consumer prices, not rebelled there? Any Californian upset with Trump's effect on gas prices ought to be much more upset with their state government -- if they've been driving for more than three years, the latter has certainly cost them more. And this isn't some scary, complicated macroeconomic thing like inflation generally, which maybe politicians want to solve (either instrumentally or as a terminal goal) but don't know how; it's literally just a number set by statute in the state legislature.
I think the main difference is just salience. Gas prices rose a lot very abruptly, and it was impossible to avoid talking heads telling you exactly who to blame for that. Meanwhile, CA has been boiling that frog for a decade, increasing prices gradually, and the topic just isn't part of the media conversation.
* Source. There are some interesting exceptions to the general correlation, though: Hawaii is actually the second lowest at $0.18 a gallon. But that's just because the Jones Act does the work for them, I think.
Google tells me that gas and diesel for vehicles on the road is about 10% US energy expenditures by dollar.
So while I’m not in favor of a gas tax or defending California policy here, it’s not a fair comparison. You can double the cost of gas at the pump and still not be as impactful as a 33% rise in energy prices across the board
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Alaska’s lower taxes dont result in lower consumer prices- this isn’t so much blue commitment to high gas prices as a genera commitment to higher taxes.
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I still remember the Dark Lord Waldemart series!
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