Kamala Harris’s “Opportunity Economy” Is a Repackaging of the Neoliberal Status Quo
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The phrase struck me the first time I heard it. Like “Toyota Celica” in Don DeLillo’s White Noise, itself an utterance of pure, fabricated nonsense honed into something like a meaningless religious mantra. “Opportunity Economy” drifted into my subconscious and stuck there.
It is, like a brand of vehicles released by a car company, one of the most consultant crafted and utterly empty phrases I have ever heard. Listening to Democratic nominee Kamala Harris make her case for the presidency by continually presenting this as her “agenda” can’t help but evoke rooms and Zooms full of lobbyists and communication strategists. You can practically taste the cooling coffee as one of them snatches it out of the air during a bull session.
Over time, this term’s implications have only grown more disturbing as its amorphousness becomes more obvious.
The slapdash shuffling of the Democratic ticket two months ago presented a host of concerns and hopes. Joe Biden needed to forego his reelection campaign. That much was obvious. And the hurried coalescing around Harris meant a possibility that, perhaps, a sea change might manifest within the party. It was a passing of the torch, for sure, and maybe, just maybe, the hold of market-based politics could be broken and replaced with something different and more egalitarian.
The hard case for this “Opportunity Economy” was made at the Democratic National Convention, which hammered home the torch passing theme with a parade of meticulously strategized stagecraft. Then, after Biden spoke on the first night, the party veered hard to the right, laying claim to patriotism, faith, support of law enforcement, and a need for “the strongest, the most lethal fighting force in the world” (which as The Intercept noted, was a turn of phrase you usually only hear from Pentagon officials). And then, in Harris’s acceptance speech, the vocalization of an economic agenda that, surprise surprise, sounds almost exactly like the same old agenda with a new coat of paint, much of it literally copied and pasted from Joe Biden’s website.
Add to that, a touting of the support of Goldman Sachs, neoliberal economists, and the full-throated backing of Wall Street, and the impact of her “opportunity economy” becomes clearer.