The Abundance Gang Has a Big AI Problem

The faddish political movement’s ties to industry figures may help attract funding, but it comes with a political cost.

In early February, Axios reported that “Ezra Klein’s Abundance movement is getting some backup” in the form of a new group: Next American Era, headed by former Democratic Congressional Campaign Committee head, Illinois congresswoman, and longtime Washington insider Cheri Bustos. Bustos’s group, per the report, would be committed to “‘pro-growth,’ deregulatory policies.” This is hardly surprising; for the past several years Bustos has been a literal corporate lobbyist at the extremely Trump-connected outfit Mercury Partners. Mercury saw its profits more than double in 2025 as it sold access to the Trump throne room.

Over the course of the three years for which we have lobbying disclosures, Bustos branched out from lobbying overwhelmingly on behalf of agriculture firms and municipal governments to work for energy firms and software behemoths, as well. In particular, Bustos registered as a lobbyist for OpenAI and Larry Ellison’s Oracle, two of the most central companies in the bubblish AI industry that is becoming increasingly omnipresent in our politics, economy, and daily lives. The two firms were also the biggest clients in Bustos’s portfolio; Oracle’s 2025 lobbying expenditures totaled over $11 million, while OpenAI’s were just under $3 million. Bustos’s next-largest clients in 2025 were Korea Zinc and battery manufacturer Gotion, both with around $2.5 million in total lobbying. 

Facially, it seems odd for someone like Bustos, fresh off a stint of AI lobbying, to launch a centrist 501c(4) and immediately align with the abundance agenda, which generally represents itself as a movement focused on housing and utility transmission permitting. In reality, it’s of a kind with a deep techno-optimist, pro-AI undercurrent that has permeated abundance thought since before Derek Thompson coined the phrase “abundance agenda” in 2022.

In the spring of 2025, Thompson and Klein’s tome, Abundance, launched to a firestorm of discourse, both praise and criticism. Nearly a year later, the blaze has lessened—Trumpian destruction of the economy and democracy tends to take the wind out of the sails of cockeyed optimists, after all—but tensions in what writers on both sides (namely, Jonathan Chait and David Sirota) have called the “Democrats’ Civil War” continue to simmer. 

The abundance ecosystem has tried to develop a “grass-tops” movement, which parlays an elite influence campaign into building a mass constituency. Abundance world has certainly been successful at the first part; with hundreds of millions of dollars (this figure is meant literally, not figuratively) flowing into abundance organizations and Klein playing an intellectual power-broker role within Democratic politics—to the point that it raised eyebrows internally at The New York Times, according to reporting from Axios. But with sitting mayors and governors explicitly name-checking the book and its authors, abundance has thoroughly permeated the political class. It has not, however, been as successful at building a broad-base constituency. (It is perhaps difficult to focus on a gauzy future of plenty when fascist shock troops are loose on the streets, acting with impunity.) 

Despite Abundance making the New York Times bestseller list (tech tycoon Reid Hoffman sending copies to everyone he knows probably didn’t hurt), Democratic voters have been notably leery about the abundance framework. Polling has shown that the base is far more interested in tackling corporate greed than it is in municipal red tape, and Klein’s attempts to cast himself as a bipartisan mediator in the wake of the Charlie Kirk assassination have undermined his status as a leading light on the left. 

At the Abundance 2025 conference, prominent abundance think tanker Alex Trembath of the Breakthrough Institute stood up to forcefully decry any allegations that the movement had been organized by elites, claiming that “abundance is not this astroturfed conspiracy. In fact, just the opposite: Abundance is emergent. Abundance is bottom-up.” He followed this declaration with the romantic sentiment that it was not donors who brought this movement together but fate, saying, “We were not herded and orchestrated: We found each other. The people and ideas in this ballroom pull on strands from multiple fields—think tanks, activists, organizers, elected officials, journalists, philanthropists, technologists, and entrepreneurs and investors.”

That is, notably, not what a bottom-up movement is. Grassroots movements are built on a foundation of organizing and mobilizing a mass membership. What Trembath actually described is very clearly a grass-tops strategy. Many people within abundance circles recognize, sometimes even celebrate, this dynamic. It was this very strategy that the Niskanen Center spelled out in its June 2024 manifesto charting how to build a so-called “abundance faction.” 

The push for a bipartisan grand coalition, also laid out in Niskanen’s manifesto, has not succeeded either. The right flank of the abundance ecosystem has openly embraced some of the most vile parts of Trumpism. In the lead-up to Abundance 2025, the Manhattan Institute’s Charles Lehman, one of the speakers at the conference, called for “deportation abundance.” 

Even Spencer Cox, who headlined alongside Klein and Thompson, and has a long-standing reputation as a (relatively) compassionate moderate who wants us all to “disagree better,” has veered toward rank partisanship and entrenching the power of an ever more authoritarian Republican Party. Cox moved to pack the Utah Supreme Court in order to gerrymander Salt Lake City, in what was an awfully aggressive approach for anyone who isn’t dead set on preserving the MAGA regime. The gerrymander would have only picked up one seat. But Cox has embraced a cosmic view of politics, where Donald Trump’s survival from an assassination attempt in 2024 was “miraculous,” spinning a borderline messianic interpretation of Trump’s candidacy and saying to Trump, “You, and only you, can be [the] kind of leader” it will take to repair the country. 

Meanwhile, the Trump officials who were praised by abundance advocates as sage and........

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