Historically, periods of widespread economic suffering have often seen a surge of left-wing organizing, and even notable victories. In 1789, desperation among the peasantry and urban working class helped catalyze the French Revolution. The 1880s and 1890s in the United States saw the Farmers’ Alliances and the People’s Party sweep the interior of the country, in a vast movement to overcome the exploitation and poverty of farmers and workers. During World War I, the miseries of the Russian peasantry and industrial proletariat provided the context for the overthrow of Tsardom and then, months later, the overthrow of an ineffectual parliamentary government. The Great Depression of the 1930s saw, in the US, the birth of the welfare state and the triumph of industrial unionism.

It is no surprise, then, that the suffering of a large proportion of Americans today is helping to bring forth a new left, which has lately been seeing electoral and policy victories. In just over a year, Zohran Mamdani has become a figure with national name-recognition, but it might not be long before more people have heard of Chris Rabb, a member of the Democratic Socialists of America in Pennsylvania who is headed to Congress this year; Janeese Lewis George, a DSA member who is set to become mayor of Washington, DC.; Brad Lander, Darializa Avila Chevalier, and Claire Valdez, New York leftists entering Congress; Nithya Raman, a socialist who might be the next mayor of Los Angeles; Melat Kiros, a socialist from Colorado who won her primary; Abdul El-Sayed, a leftist who may soon be the newest senator from Michigan; and others.

There isn’t anything like a French Revolution or a Russian Revolution on the horizon, but in the coming years, as the American economy continues to leave working people behind, it is certain that we’ll see more left-wing victories. By the 2030s, the stagnant center will be in dire condition, faced with a well-funded far-right and a left stronger than at any point since the 1960s.

What are the economic trends that forecast such an outcome? Some of them are almost universally acknowledged. Most obviously, inequality continues to skyrocket. Even before Elon Musk became a trillionaire—a fact, incidentally, that itself proves the insanity of American capitalism—the top 1% of American households owned 32% of all US wealth, about equal to the bottom 90% combined. America’s billionaires own more than $8 trillion. The income of the richest 1% averages to more than 100 times that of the bottom 20%. It is hardly surprising, then, that among peer countries, the US has the highest rate of poverty, the highest rate of infant mortality, and the second lowest life expectancy. Nor is it a surprise that a majority of Americans think a middle-class lifestyle is out of reach, or that less than half of families were able to afford medical expenses in 2025.

The picture is clear. There are good reasons that Bernie Sanders, the democratic socialist, is consistently one of the most popular politicians in the country. Mainstream liberal commentators fret that running leftist candidates may cost the Democratic Party votes, but such commentators are evidently far out of touch with voter sentiment. According to polls, three quarters of Americans think the country’s political and economic system needs major changes. The Democratic Party is viewed unfavorably by 59% of adults (not much different from the Republican Party’s 58%). Chuck Schumer, a veritable symbol of the centrist status quo, is disliked by 68% of voters. Left priorities like Medicare for All, a substantially higher minimum wage,........

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