2016/11/20: In a capitalist democracy, the party of the left has one essential reason for existing: to speak for the working class. This delicate balance ended in the 1990s. Many blame Reagan and Thatcher for destroying unions and unfettering corporations. I don’t. In the 1990s, a New Left arose in the English-speaking world: Bill Clinton’s New Democrats and Tony Blair’s New Labour. Instead of a balancing act, Clinton and Blair presided over an equally aggressive “new centrist” dismantling of the laws that protected workers and the poor.
Enough examples should by now be common knowledge. Bill Clinton signed the final death warrant of the Glass-Steagall Act (itself originally signed into law by FDR), removing the final blocks preventing the banking industry from gambling away our prosperity (leading to the 2008 recession). Bill Clinton also sold us on the promise of free trade.
it is crucial that our cultural elite, most of it aligned with the New Democrats, not be allowed to shirk their responsibility for Trump’s success.