I've recently come to this idea that the best word for the Left's entire worldview is "feudal", or "medieval". Their economic ideas are neo-feudal, in the way they want to have the economy anchored in the State (king) and certain credentialed, initiated cronies (vassals). One of the major ingredients in the end of medieval feudalism was the rise of the mercantile class of free commoners and yeomen. I think a lot of the sneering contempt for "flyover country" is rooted in that same mentality, an almost astonished bewilderment that we are not their bonded serfs. Virtually all of the Left's economic efforts are in some ways an attempt to revive a feudal arrangement.
To use another medieval analogy, the "solution to the debt is more debt" idiocy is not unlike the medieval concept of bloodletting. "We drained a pint of blood and he got worse; clearly we need to drain two more!"
