A political-cultural frame that treats private profits as theft rather than signs of positive‑sum exchange, turning ordinary market outcomes into moral grievances and legitimating redistributive or regulatory crusades. It posits that this animus (HOOP) functions like a social‑psychological lens that invites demagogues to expand state power by portraying successful firms and entrepreneurs as enemies of the common good.
— Naming and tracking HOOP matters because it helps explain contemporary support for wealth taxes, anti‑business regulation, and populist policies that redistribute power away from markets and toward political actors.
Arnold Kling
2026.10.25
100% relevant
Arnold Kling coins the acronym HOOP and links it to modern support for wealth taxes and to historical New Deal coalitions (NRA, 'harmonizers' vs 'antitrusters') as evidence that anti‑profit sentiment is a durable political force.
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