By Noah Rothman
Friday, March 22, 2019
The right’s single-minded fixation on Rep. Alexandria
Ocasio-Cortez is often credited as the reason for her high profile. If so,
conservatives were responsible for the interminable lines of people who wanted
to see her speak at the South by Southwest Conference, landing her on the couch
at Seth Meyers’s late night show, and her transformation into a figure more recognizable to
Wisconsin’s Democratic voters than most of the Democrats running for president
in 2020; and that’s just in the last two weeks. The GOP’s hegemony over the
commanding heights of American culture knows no limits.
Somehow, we monomaniacal conservatives with our unhealthy
obsession have even made sure AOC hit the cover of Time! Reporter Charlotte Alter’s profile is a valuable addition to
a marketplace oversaturated with soft-focus hagiography, in part, because it
reveals some of the conceits animating the Democratic Socialist movement.
Ocasio-Cortez grew up in the 1990s—a time of unparalleled
American security and comfort, innovation and “financial prosperity.” But then,
as the congresswoman was entering adulthood, the collapse of the mortgage
market took it all away. “An entire generation, which is now becoming one of
the largest electorates in America, came of age and never saw American
prosperity,” Ocasio-Cortez confessed. “I have never seen that, or experienced
it, really, in my adult life.”
This is a revealing admission. Even if your frame of
reference for measuring the breadth of American prosperity begins in 2007, 21st
Century America is not a point on the space-time continuum into which anyone
should regret having been born. In a 2016 study measuring “welfare” across the
spectrum of data points that contribute to that subjective condition, Charles
Jones and Peter Klenow conclude that long-term trends in America are positive.
American living standards are comparable to those of the wealthiest nations in
Western Europe and far surpass those in the developing world. The rate of
growth in U.S. economic welfare declined after the onset of the pronounced
recession that began in 2007, but that slowdown was attributable to a reduction
in per capita consumer spending. Their metrics, which account for data points
broader than GDP and household income, indicate that economic welfare in
America has increased at 2.3 percent between 1995 and 2015, for a cumulative
across the board increase of 60 percent.
The unemployment rate in February, 3.8 percent, pretty
much means America is at full employment. It has held roughly steady for nearly
a year and is the near lowest it has been in a half-century. Wages are on the
rise, increasing at 3.1 percent in 2018. Construction and manufacturing job
growth is better than it has been in 30 years. Radical technological
innovations have rendered the United States all but energy independent and a
leader in the field of global communications. The housing market has recovered
from the Great Recession; millennials, in particular, have double the median
equity in their homes than they did in 2010. This particular generation faces
obstacles on their paths to generating an income equivalent to that of their
parents—namely, the substantial
number of millennials who are unmarried or single parents, not student
loan debt. But that does not render America’s favorable macroeconomic
conditions moot. The United States is richer than any peer industrial economy.
Indeed, by some measurements, the American millennial is a member of the wealthiest and
most comfortable generation of human beings to have ever lived on this
planet.
This reality is not reflected in perception, though.
According to the Gallup-Sharecare Well-Being Index, which has measured how
Americans feel about their overall well-being since 2008, 2017 was the worst
year on record. But unlike 2009, when financial worries put significant
downward pressure on the average American’s self-assessment, the factors
driving down happiness are emotional and psychological today. Americans are
lonelier. They are more political, and both of Americas two major parties feel
like they are losing cultural and electoral ground relative to their
adversaries. They are economically insecure, even though more Americans are
employed and the number of Americans in the labor market is stable—defying the
expectation that labor force participation rates would decline as the Baby
Boomer generation retires. In the aggregate, Americans are not worse off than they
were a decade ago, but many of them think they are.
Alexandria Ocasio-Cortez is the perfect avatar for this
uniquely American malady. She depicts life in the five boroughs of New York
City and Washington D.C. as a Dickensian nightmare, despite their wealth
relative not only to the rest of the country but the world. Alter’s profile
subversively highlights the contradictions nicely in the paragraph that follows
AOC’s lament about how she had never experienced the American dream. You see,
as a child, Ocasio-Cortez’s “family moved to the prosperous Westchester County
suburb of Yorktown Heights when she was about 5 so that she and her brother
could go to better schools.” Ocasio-Cortez is the face of a generation that
doesn’t know how good they have it.
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