Matt Bruenig hopes to launch the next Leftist policy du jour with his new paper proposing a sovereign wealth fund. But unlike Medicare For All or a Federal Job Guarantee, the American Solidarity Fund would be beholden to, rather than fundamentally challenge, the current economic paradigm.
Regardless of your impression of his contentious online presence, Matt Bruenig has managed to carve out a space for himself as the voice of pragmatism and empiricism on the U.S. Left. That sort of irreverence for accepted tenets appears from the start of his new paper, “Social Wealth Fund For America,” with an excoriation of the starry eyed nostalgia for the so-called Golden Years of Capitalism. This kind of frank evaluation is something I try to practice myself. I would guess that straightforward approach is a large part of Bruenig’s appeal and why so many were interested in what his paper on a sovereign wealth fund had to say.