WSJ What’s News
WSJ What’s News

Oct 23, 2026 · 13 min

Socialist attacks lose force as tariffs reshape midterm politics

Why Calling a Democrat a Socialist Isn’t the Insult It Once Was

The episode connects changing voter attitudes toward socialism with tariff calculations, congressional strategy, market expectations and baseball’s small-market test.

3 key takeaways
  1. 1Republican socialist attacks have weakened as younger voters embrace populist ideas including rent controls and drug-price caps.
  2. 2Democrats may target Defense Secretary Pete Hegseth rather than President Trump, though Senate conviction remains highly unlikely.
  3. 3Moderna’s melanoma-vaccine results impressed investors despite limited data, while the Rays-Brewers matchup spotlights competitive small-market baseball.

Don't miss

Vera Bergengruen explains why socialist attacks have weakened among younger voters as rent controls and drug-price caps gain support.

The brief

President Trump rolls back some Canada tariffs as Republicans deploy socialist and communist labels against Democratic candidates. Vera Bergengruen explains why those attacks have weakened, especially among younger voters, even as populist economic ideas gain support.

Democrats are considering impeachment proceedings against Defense Secretary Pete Hegseth if they retake the House. The political calculation is whether he offers a more useful target than President Trump, despite the Senate’s steep conviction threshold.

Markets reacted to early results from Merck and Moderna’s individualized melanoma vaccine, but Xavier Martinez notes that limited released data leave broader survival outcomes and FDA timing unresolved.

The Tampa Bay Rays and Milwaukee Brewers bring unusually low payrolls to the World Series, contrasting with the Dodgers and Yankees while giving either franchise a chance at its first championship.

The episode’s central shift is political language: a once-potent socialist label now competes with economic populism that younger voters may view as practical rather than disqualifying.

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