Abundance vs. Mission-Driven Industrial Policy

It’s the end of an era. Rep. Nancy Pelosi, D-Calif., who counts among her legacies in Congress successfully undercutting the push for Medicare for All, announced last week that she is retiring from Congress. The two-time former speaker of the House made her announcement after Democrats made remarkable gains in nationwide elections, campaigning on affordability and standing up to the Trump administration.

“We are in this era where we need new ideas, we need new leaders, we need people who are going to push the party in a new direction,” says Saikat Chakrabarti, who is running to replace Pelosi and represent San Francisco in Congress, making economic inequality and corporate power the focal point of his politics. This week on The Intercept Briefing, host Akela Lacy speaks to Chakrabarti, the co-founder of the progressive outfit Justice Democrats who helped run the primary campaign of one of its first candidates, Rep. Alexandria Ocasio-Cortez, becoming her first chief of staff.

Answering Lacy's question as to how he'll get it done, Chakrabarti says, “In the 1930s, we had a really powerful, far right in this country. We were actually seeing Nazi rallies in Madison Square Garden, it was filling the stadium. And the way we defeated that was FDR came in with the New Deal movement. He built this whole new economy and a whole new society that improved people’s lives so dramatically, it just killed this idea that you need an authoritarian to do it for you.” FDR “wasn’t advocating for going back to a pre-Great Depression era. He was advocating for something new. So that’s the way we get it done, and I see some movement towards that.”

Chakrabarti has been openly calling for House Minority Leader Hakeem Jeffries, D-N.Y., to be primaried and tells The Intercept that Senate Minority Leader Chuck Schumer should be too, following the end of the longest government shutdown in U.S. history, after eight Democratic senators — none who are up for reelection — joined forces with Republicans to pass a spending package.

“My goal, honestly, is to replace a huge part of the Democrat establishment,” says Chakrabarti. “I'm calling for primaries all across the country. ... I think we actually have to get in there and be in a position of power where we can do all that, so it's not going to be this constant compromising with the establishment, trying to figure out how we can push.” He adds, “I tried the pushing strategy — that's what Justice Democrats was: We were trying to elect people to try to push the Democratic Party to do the right thing. It's not going to work. We have to replace them.”

Listen to the full conversation of The Intercept Briefing on Apple Podcasts, Spotify, or wherever you listen.

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