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Farmer-Rick

(12,787 posts)
29. This is the most important paragraph of the whole article
Sat Nov 23, 2024, 04:27 PM
Nov 2024

"Before Eastern Europe became a laboratory for illiberalism in the 2010s, Western economists used it as a laboratory for neoliberalism in the 1990s. This shock therapy experiment alienated masses of lower-middle- and working-class citizens from the parties of the center-left, who often championed these policies. Similar tectonic shifts have undermined the Democrats’ support among working-class Americans."

Neoliberal economics better known as "free" trade or trickle down economics is why the working class has abandoned mainstream Democrats. The free trade frenzy was soon followed by bail outs for banks and austerity for the working class.

If you look at neoliberal economics you would wonder why any self respecting liberal would support such a huge abandonment of working people.

As a Democrat, I always thought our party's support of "free" trade would hurt us. Clinton's NAFTA support and Obama's bailouts for the billionaires but not workers are what MAGAts member. They don't remember Raygun killing unions, stopping monopoly enforcement and the deregulation frenzy of the GOP. Which is what led to all the media being owned by the filthy-rich right wingers.

Both parties should be held responsible for the awful neoliberal policies of the last 35 years. But Clinton was the face of the end to Glass Stegall and supporting NAFTA, and Obama was the face of bailouts for banks and bankruptcy and austerity for workers. Democrats are given most of the blame because workers felt that despite supporting Dems, they weren't defended by Dems.

Though the right wing brought workers the loss of jobs, the left wing went along too. In worker's eyes Dems did nothing to really correct the continued wealth extraction caused by free trade agreements and deregulation.Though some like Bernie and Elizabeth Warren have very rarely supported neoliberal economics.

Knowing this, Dems need to go all out to end ever last neoliberal economics policy since Raygun.

Recommendations

9 members have recommended this reply (displayed in chronological order):

Thanks. Bookmarking. (nt) Pinback Nov 2024 #1
Now Politico is concerned....... Lovie777 Nov 2024 #2
Yes. Nice of Das Politico (as KO calls it)... regnaD kciN Nov 2024 #26
Bookmarked. Thank you! K&R! highplainsdem Nov 2024 #3
Excellent article. mzmolly Nov 2024 #4
This should be required reading. Raven Nov 2024 #5
Trump and his henchmen will never tell their MAGA followers they want to "destroy democracy," sop Nov 2024 #6
The MAGA cult does not want a democracy. Irish_Dem Nov 2024 #16
Trump does tell them that and they cheer. travelingthrulife Nov 2024 #58
'Trump Has Vowed to Shake Some of Democracy's Pillars' sop Nov 2024 #60
In the past few years Orban has met alone with Republicans and Trump to advise them on how to do an autocratic takeover. jalan48 Nov 2024 #7
Trump could meet with the devil and the maga cult would cheer him for it. Irish_Dem Nov 2024 #17
Yep. They have bought into the fantasy land of Jesus and returning to the good old days, dragging us with them. jalan48 Nov 2024 #18
Their fantasy that Trump is the new religious lord and savior is mind blowing. Irish_Dem Nov 2024 #19
It's a depressing situation. I'm focusing on my local volunteer stuff and it's helping a lot. jalan48 Nov 2024 #20
Yes we need to work on coping strategies. Irish_Dem Nov 2024 #21
I know that Hitler comparisons are overworked sometimes wnylib Nov 2024 #53
The Hitler analogy is quite appropriate. Irish_Dem Nov 2024 #54
Here's a little background on Hitler's use of religion. wnylib Nov 2024 #67
Thank you. Irish_Dem Nov 2024 #68
Total capitulation mollie8 Nov 2024 #56
Only Nixon could go to China, and Trump can go to Hell. Efilroft Sul Nov 2024 #40
Instead Trump has brought hell to us. Irish_Dem Nov 2024 #42
A must read. dalton99a Nov 2024 #8
K&R Solly Mack Nov 2024 #9
Important points Cirsium Nov 2024 #10
Unfortunately nycbos Nov 2024 #12
It started with Reagan orangecrush Nov 2024 #14
Yes, but... nycbos Nov 2024 #15
True orangecrush Nov 2024 #24
OMG. I never thought I'd think these two guys were enlightened MadameButterfly Nov 2024 #50
Isn't that amazing? Cirsium Nov 2024 #61
I wish I could give this more recs MadameButterfly Nov 2024 #51
Thanks! orangecrush Nov 2024 #66
Beat me to it. orangecrush Nov 2024 #13
Isn't that what Harris and especially Walz tried to do? Ocelot II Nov 2024 #31
No Cirsium Nov 2024 #39
Huh. I must have been listening to a different Harris and Walz team. Ocelot II Nov 2024 #41
Probably, yes Cirsium Nov 2024 #44
That's what I was thinking. Six117 Nov 2024 #57
I think it's impossible to reach most white working class R voters no matter what you do. TRHST82 Nov 2024 #35
In short, Bernie was right MadameButterfly Nov 2024 #52
Article should be pinned on front page of DU andym Nov 2024 #11
An informative and instructive essay La Coliniere Nov 2024 #22
K & R, enthusiastically. Native Nov 2024 #23
That's an excellent article. Elessar Zappa Nov 2024 #25
Thank you for sharing this. TheKentuckian Nov 2024 #27
I'd guess Linda ladeewolf Nov 2024 #28
Our language is critical. It reveals our attitudes. summer_in_TX Nov 2024 #69
I've expressed this Linda ladeewolf Nov 2024 #71
Yes, and we also make assumptions about who they are. summer_in_TX Nov 2024 #72
This is the most important paragraph of the whole article Farmer-Rick Nov 2024 #29
Yes, trickle down economics has poli-junkie Nov 2024 #46
Whole article excellent Wild blueberry Nov 2024 #30
These assholes should NOT be called 'populists!" HUAJIAO Nov 2024 #32
Astroturf Assholes Zambero Nov 2024 #62
"the consent of the ruled" Beartracks Nov 2024 #33
Booking for later, n/t Martin Eden Nov 2024 #34
"Economic anxiety" and backlash to neoliberalism is only a small part of it. TRHST82 Nov 2024 #36
Trying to figure out how to do my part to protect our institutions. yellow dahlia Nov 2024 #37
Thank you for posting. yellow dahlia Nov 2024 #38
We've had authoritarian fascism here in the US before. Yavin4 Nov 2024 #43
The oligarchs believe they no longer have to be stealthy about their takeover. Hermit-The-Prog Nov 2024 #45
Thank you. Pinback Nov 2024 #65
Orban is to Trump ThoughtCriminal Nov 2024 #47
Thank you, bookmarking to read and refer back to. wendyb-NC Nov 2024 #48
This brand of fascism is a cancer. It is destroying democracies left and right. Initech Nov 2024 #49
excellent piece with a lot of good advice LymphocyteLover Nov 2024 #55
Translation Wavelight Nov 2024 #59
Great article! The links provided in the article lead to several other great articles. KPN Nov 2024 #63
Article describes how right wing populists unify a group of billionaires and workers. Many are not drawn by racism andym Nov 2024 #64
It was not an accident that Trump mentioned the visit from Orban to Mar A Lago at the debate andym Nov 2024 #70
Latest Discussions»General Discussion»Politico: I Watched Orban...»Reply #29