Economic Ideology and Rebranding
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Abundance liberalism is a rebranding of neoliberalism, which has failed and is considered dead, with neoliberals attempting over a thousand ways to rebrand their ideology.
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The abundance liberal conference was sponsored by a venture capitalist and a co-brother created nonprofit, indicating corporate interests shaping the Democratic Party's agenda.
Housing and Affordability Crisis
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The affordability crisis in the US centers on housing, not purchasing power parity, with groceries being relatively cheap compared to many other countries.
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Cities like San Francisco, New York, and Miami face severe oligarchy problems, creating a super class of wealthy residents and an underclass unable to afford rent.
Economic Mobility and Inequality
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Upward mobility in the US is higher in cities than in rural areas, due to high-paying jobs rather than urbanization itself.
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The American dream of upward mobility has been torn apart in the last 50 years, with the cheapest places having the lowest upward mobility and vice versa.
Power Dynamics and Systemic Change
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The problem of oligarchy extends beyond income inequality to the concentration of power, creating a power imbalance that hinders ordinary people from challenging the status quo.
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Solving the oligarchy problem requires transforming the economic system to prioritize affordability and equity over profit and growth in urban planning and housing policy.