The Abundance Agenda Has Its Own Theory of Power

Opinion|The Problems Democrats Don’t Like to See

I have had a fascinating few months. “Abundance,” the book I wrote with Derek Thompson, is either going to save the Democratic Party or destroy it. You think I’m kidding. Here’s The Wall Street Journal’s headline: “Can the ‘Abundance Agenda’ Save the Democrats?” Here’s The Nation: “Why the ‘Abundance Agenda’ Could Sink the Democratic Party.” The Atlantic placed the book at the center of “the coming Democratic civil war.”

Before “Abundance” came out, I worried that its argument would be too agreeable to generate much debate. I didn’t foresee Ragnarok.

But I was wrong about who would perceive it as a threat. The book is largely a critique of how Democrats have governed in the places where they’ve held power. But the obvious targets of that critique — blue-state governors like Gavin Newsom and Kathy Hochul and top Obama and Biden administration officials — have largely embraced it. Maura Healy, the governor of Massachusetts, laid out a plan for “housing abundance.” More than one top Democrat I expected to react defensively to the argument told me that they felt that they could have written it.

This is, for Democrats, a liquid moment. The party is reimagining itself after its crushing loss in 2024, and a lot is riding on which critiques are woven into its renewal. And so the backlash to the book has come from a faction of the party that saw itself rising within the wreckage and worries that “Abundance” will derail its ascendance: the anti-corporate populists.

“Abundance” is an effort to focus more of American politics on a surprisingly neglected question: What do we need more of, and what is stopping us from getting it? It is that focus that some of my friends on the populist left object to. Zephyr Teachout, a Fordham law professor who’s a central figure on the anti-monopolist left, told me that her problem with “Abundance” wasn’t the policies but the central question: “We should be focusing Democratic politics and politics in general on the problem of concentrated power and the way in which concentrated power is making it impossible to do things.”

Demand Progress, a leftist advocacy group, went so far as to commission a poll to see which message appealed to more voters. Voters were asked to choose between the two framings of “the big problem” in American life: Was it “‘bottlenecks’ that make it harder to produce housing, expand energy production or build new roads and bridges” or rather that “big corporations have way too much power over our economy and our government.” Unsurprisingly, the latter won.