JD Vance talking nonsense while drinking the Trump cult Kool Aid
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JD Vance drinking the MAGA Kool Aid |
For one of the youngest vice-presidential candidates ever nominated, (former Marine Corporal) J.D. Vance sounds a little crotchety.
Of course, there’s nothing wrong in wishing for things you don’t remember (or even have no experience with) — if they were really good, as many things were during the United States’ manufacturing boom: There were job opportunities, families formed easily and people felt support from society. I have sympathy for Vance’s desire to “put people to work making real products for American families.”
The problem is that Donald Trump cannot bring those days back. And I suspect Vance is too smart to truly believe the former president could.
It’s not just that economies have become too complicated to take apart and reassemble in some simpler, more desirable form. It’s also that American voters would never stand for it. To see what I mean, consider a talk that Vance gave last February in which he suggested that “economics is fake” — based on his experience owning a 40-year-old refrigerator.
Yet, there is some truth in Vance’s remark, which is more than a lament for the country’s lost manufacturing might. It’s also a complaint about the way society has become monomaniacally focused on consumer prices, to the detriment of many other things that make our lives better.
This complaint comes not only from MAGA America but also from left-leaning thinkers such as Lina Khan, the chair of the Federal Trade Commission. It resonates on both the right and left because the government and corporations do pay more attention to prices than to other things that are harder to measure, but no less important. People also care about quality, about having things that last. And they care about their identity as producers, as well as consumers.
Forcing manufacturing workers to compete with lower-wage counterparts elsewhere not only reduced their earning power, but also destabilized their communities, a process that began in the 1960s, and ’70s, but accelerated with the “China Shock” of the past 20 years. Many have had to choose between moving for work, sacrificing essential networks of friends and relatives, or staying put and contending with community decline. This has been a real loss.
What’s more, some of the goods they could buy — including, yes, home appliances — did get worse in significant ways. Dishwasher cycles have lengthened into eons, which helps them reduce noise and save water, but wastes our time. Refrigerators come with internet connections but break more frequently (it’s not your imagination). And when an appliance stops working, repairs are so expensive, people often just give up and buy a new one.
It’s not crazy to want to return to the old ways, or at least try to create options for people who want more expensive but more durable goods, made by Americans living in prosperous manufacturing towns. It’s just impossible. Not just practically, but also politically.
Voters might care about the quality of the goods they buy, but they still care a lot about prices, as our recent bout of inflation has demonstrated. Indeed, this is the reason that Vance looks might have an outside chance to become vice president in January.
And prices would have to rise a lot to bring back the fridge economy of yesteryear. The 10-percent, across-the-board tariffs Trump is proposing would be only a down payment.
In 1966, Sears sold customers a 21-cubic-foot capacity, self-defrosting, side-by-side refrigerator for as little as $545. Today, the store’s cheapest equivalent model is more than $1,000. The bigger difference is that, in 1966, the U.S. median family income was $7,500, while in 2022 it was $97,750.
Now, one can argue that higher relative prices were a good trade-off for supporting a stable manufacturing sector that provided high-paying jobs to men with no education beyond high school. Those workers had the satisfaction of making tangible products and also the wherewithal to create stable families, buy homes and grab a piece of the American Dream.
But I don’t think Vance is smart enough to win his argument with a voter who just walked into Sears and discovered that new appliances suddenly cost seven times what they used to.
Labels: Donald Trump, Megan McArdle, Washington Post