"But the real problems for the Democrats go much deeper and require a dramatic course correction of a sort that, I suspect, Democrats are unlikely to embark upon. The bottom line is this: Democrats are still trying to run a neoliberal campaign in a post-neoliberal era. In other words, 2016 Bernie was right."
I agree and disagree with this take. I agree with the general political-economic history and agree with the contention that Bernie's populist left movement was smothered and slandered by the DNC and the media oligarchy in 2016 and 2020. But Biden, after winning the nomination in 2020, took a surprising turn, without a lot of fanfare he embraced the progressive wing of the party in a way HRC and Obama never did. He actually was the first POTUS to champion a "post-neoliberal era," condemned supply-side economics' central conceit, "Trickle-down theory," supported labor like no POTUS before him, and activated antitrust and industrial policy against the worst predations of corporate rule. I was afraid, actually, Harris would cave on these populist economic policies to Billionaire donor class pressures but, to her credit, she didn't. But as a consequence 8 out of 10 of the largest mega donors gave to Grump's republicans to the tune of over two billion dollars; and the richest guy in the world took over Grump's ground game in the last three months of the election and dumped hundreds of millions of dollars more into his campaign. Basically, foremost, doing all this political spending to stop Bidenomics from ushering in a "post-neoliberal era." Neoliberal Dems counseled that Harris should compromise with Wall Street, fire Lina Khan, or put some crypto creep in the cabinet, but I no more think that would have appeased the Tech Bros than militarizing the border, with a bipartisan plan, would have appeased the bigots. Maybe Bernie, white man, could have reached more of the bigots with his message of economic populism than Harris, but he would have faced the same denigrating hazing and obfuscation by the Billionaires and major media oligarchy. Instead of trying a full-frontal assault on the corporate order, like Bernie, a losing David and Goliath contest if there ever was one, Harris and Biden were trying to coax the corporate order into a "post-neoliberal era," a green new deal, as it were, a pragmatic alternative to Trump's violent fascism and chaotic lawlessness. What this election exposes more than anything else, in this regard, economics, political economy, is the ongoing intransigence of corporate rule and, with the crucial help of the mainstream media oligarchy, a popular electorate that has no better understanding of this dichotomy, or any understanding of who really supports their economic interests, than that the prices of groceries and housing were cheaper when Trump was in the Whitehouse.
No comments:
Post a Comment