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Photo: CalMatters

Affordability Is Becoming a Crisis of Trust and Democracy

As affordability takes center stage in the U.S. midterm campaign, two commentaries frame the issue as more than rising household costs. One argues that Americans’ ability to achieve economic security through hard work has weakened, undermining confidence in the American Dream. The other says economic security and democracy cannot be treated as separate concerns by Democrats seeking to connect with voters focused on daily expenses.

The first commentary points to the widening distance between economic measures and people’s experience of paying for essentials. It describes the economy as “K-shaped,” with wealth accumulating at the top while many others struggle, and says affordability has become a political shorthand for that divide and for the gap between campaign promises and results.

The second looks to the 1930s, arguing that Franklin D. Roosevelt saw economic hardship as a danger to democratic government. It contrasts his approach with austerity measures in Germany under Chancellor Heinrich Brüning, which included spending cuts and tax increases as conditions worsened. The commentary says Adolf Hitler exploited the resulting hardship, while proposals for public works and deficit spending were set aside.

It also notes that Herbert Hoover raised taxes and cut federal spending in 1932 as U.S. unemployment climbed. Roosevelt, it argues, acted to show that democratic government could respond to people’s needs. Together, the commentaries present affordability as both a material problem and a test of public trust, with consequences for political stability and the appeal of extremist ideas.

Reported by CalMatters, The Philadelphia Inquirer.

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