Summary: The insurgencies on the Left and Right against their parties’ elites by populists and progressives has been much discussed but little analyzed. Previous posts discussed how the Republican Party abandoned America’s workers. Here Thomas Frank, one of the most insightful observers of the Left, explains how the Democratic Party abandoned the progressive movement and America’s workers. The revolutions in both parties will not end in November, no matter what the outcome.
by Thomas Frank
From TomDispatch, 29 March 2016. Reposted with permission
Introduction by Tom Engelhardt
Listen, Liberal: Or, What Ever Happened to the Party of the People? is, in a sense, a history of how, from the Clintonesque 1990s on, the Democratic Party managed to ditch the working class (hello, Donald Trump!) and its New Deal tradition, throw its support behind a rising “professional” and technocratic class, and go gaga over Wall Street and those billionaires to come. In the process, its leaders fell in love with Goldman Sachs and every miserable trade pact that hit town, led the way in deregulating the financial system, and helped launch what Frank terms “the greatest wave of insider looting ever seen”; the party, that is, went Silicon Valley and left Flint, Michigan, to the Republicans.
Only a few years after Bill Clinton vacated the Oval Office the financial system he and his team had played such a role in deregulating had to be rescued, lock, stock, and barrel from ultimate collapse. Quite a record all in all.
Put another way, as Frank makes clear, in these years the Democrats (with obvious exceptions) became a more or less traditional Republican party. And if the Democrats are now the party of inequality, then what in the world are the Republicans? Don’t even get me started on the cliff that crew walked off of.
In the following post, adapted from his new book, Frank does a typically brainy thing. Since we’ve all heard for years about how the Democrats have been stopped from truly pursuing their political program by Republican experts in political paralysis, he turns to a rare set of places where, in fact, the Republicans were incapable of getting in the way and… well, let him tell the story.