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I think part of the problem is left wing populism comes off as phony to a lot of people. I also think both lefties and libs are uncomfortable acknowledging that a lot of the populist rage is directed at progressive goals and governance right now and it's not just false consciousness.

Of course, you don't want to overthink things too much. Inflation was a crippling issue and nobody on the left of center really had a good strategy to really solve it besides that hoping people would think other maco econ conditions would override people being pissed at rising prices or unconvincingly whining about how corporations are greedy.

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