As campaigning starts to heat up for the USA's into the midterm elections due in November an uncomfortable truth facing the Democratic Party, which ought to be favourites to win and thus regain control of Congress, making Donald Trump a lame-duck president for the final two years of his term, an influential Left-wing movement is gaining momentum and increasingly appears capable of pulling the national Democratic Party further toward a socialist agenda, displacing the old liberal establishment entirely.
Last week, two Democratic Socialist of America members achieved successes in primaries, thus being selected to replace long serving Democrat representatives. These victories, and others, underscore the left movement’s growing ability to outcompete the party mainstream. In Maine, Graham Platner, who has described himself as a DSA member in online forums, clinched the nomination for the US Senate, besting the party’s preferred candidate, Gov. Janet Mills. On the other coast, Nithya Raman, the first DSA member elected to the Los Angeles City Council, advanced to a mayoral runoff against the establishment-backed incumbent, Karen Bass.
This swing to the left among America's liberals mirrors Europe's swing to the right in the wake of neo - liberalism's and Social Democracy's failures in Europe. In short political establishments on both side of the pond have lost sight of the people whose votes they rely on.
Both Trump's MAGA movement and the surging DSA movement share a common them. People are angry at the government and the neoliberal globalist establishment that has run it since the 90’s (or even WWII if you prefer). The anger towards the elites and the inequality that came out of the globalization era is very, very real. To the people, the social contract of the New Deal and post-war liberalism has failed. So long as nothing is done to restrain the multinational corporations and the billionaires, it continues to get worse, bringing even more radical, more disruptive, ideas to the surface. Eventually, the people will get what they want, one way or another.
There are basically two valid forms that change can take, one from the right and the other the left. The first is what has happened in both Trump terms, a strident nationalism that boils down to America first, a restoration of national sovereignty at the expense of international cooperation and dispensing with any notion of a world order. America’s government works for the American people, not for some ideal of global cooperation, not for international corporations or wannabe world governments like the Davos Gang. America first is the ideal in a nutshell.
The second form, though, is radical redistribution of wealth, a direct rejection of classical liberalism. Let the global economy take whatever form, but target the wealth of individuals directly through new forms of taxation and new policies. Break up large corporations. Restore competition. Extend unionisation to new classes of workers and pass new labour laws. It’s basically European style socialism with a fresh coat of paint and a set of explicitly named targets to shoot at (Elon Musk, Jeff Bezos, Bill Gates, etc.).
This is a political reckoning that was guaranteed by the mistakes made during the neoliberal, unipolar era and even before. At this point the neoliberal establishment is, politically speaking, a dead man walking. The only thing keeping them in power is inertia and incumbency. Establishment Republicans have been dropping like flies in primaries due to anti-elite sentiment. Now the same thing is happening to Democrats. The end result will be either nationalistic competition on a global scale that forces companies and billionaires to ‘pick a side’ and care about where their physical assets, productive capacity, employees, etc. actually are located, OR an unapologetic redistribution scheme with some minimum pretence of socialism but is, in practice, simply keeping people fed, housed, and entertained so they won’t actually rebel against the overclass, basically a bread and games Roman Empire 2.0. The reckoning is at hand and it’s too late to save the old world order which has been a zombie for decades.
But the DSA is overplaying its hand. America might be angry and fed up with the old ruling duopoly but there is little evidence that American voters are ready for full on, authoritarian socialism.
FROM THE ARCHIVE:
De - Dollarisation: China, Brazil Make Deal To Ditch US Dollar For Bilateral Trades
China and Brazil this week concluded a deal to conduct trade between their nations in their own in their own currencies, ditching the established reserve currency for global trade, US dollar as an intermediary, the Brazilian announced said on Wednesday. This is Beijing’s latest strike against the almighty greenback in its currency war aimed at shifting the balance of geopolitical and economic power from west to east.
NATO Rhetoric About Russian Threat is 'Absurd'
The reasons being given for the latest NATO military buildup in Eastern Europe, the idea that the Russian 'Russian threat' to Eastern Europe grows every day is "simply absurd," according to former US diplomat and Senate policy advisor Jim Jatras. Effectively, Jatras says, the buildup is an attempt by the US to keep Germany and France on board with Washington's world domination agenda and ...
Naked Bankers Go For Gold
... That gold sale in 2013 was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery (quite a lot of it belonged to the german government) In effect the naked shorting of gold could only work because really the right hand was selling to the left hand.
The Demise Of Dollar Hegemony: Russia Breaks Wall Streets's Oil-Price Monopoly In a move that went almost completely unreported in mainstream media, Russia has recently opened a market for the trading of physical and 'paper' oil (futures) in Moscow in Roubles. This is the most blatant challenge yet to the domination of the US dollar in world trade.
WMD in Mayfair
Recalling yesterday's Machiavelli Blog which commented on events surrounding the unfortunate death of the alleged former Russian agent Alexander Litvinenko, it seems the murder investigation has now found evidence of many caches (well OK, traces) of radio active toxins in various fashionable establishments in London's West End frequented by former Russian intelligence agents.
China launches global yuan payment system
China’s Central Bank has started a global payment system which provides cross-border transactions in yuan. The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US dollar's dominance.
NATO Rhetoric About Russian Threat is 'Absurd'
The reasons being given for the latest NATO military buildup in Eastern Europe, the idea that the Russian 'Russian threat' to Eastern Europe grows every day is "simply absurd," according to former US diplomat and Senate policy advisor Jim Jatras. Effectively, Jatras says, the buildup is an attempt by the US to keep Germany and France on board with Washington's world domination agenda and ...
Naked Bankers Go For Gold
... That gold sale in 2013 was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery (quite a lot of it belonged to the german government) In effect the naked shorting of gold could only work because really the right hand was selling to the left hand.
The Demise Of Dollar Hegemony: Russia Breaks Wall Streets's Oil-Price Monopoly In a move that went almost completely unreported in mainstream media, Russia has recently opened a market for the trading of physical and 'paper' oil (futures) in Moscow in Roubles. This is the most blatant challenge yet to the domination of the US dollar in world trade.
WMD in Mayfair
Recalling yesterday's Machiavelli Blog which commented on events surrounding the unfortunate death of the alleged former Russian agent Alexander Litvinenko, it seems the murder investigation has now found evidence of many caches (well OK, traces) of radio active toxins in various fashionable establishments in London's West End frequented by former Russian intelligence agents.
China launches global yuan payment system
China’s Central Bank has started a global payment system which provides cross-border transactions in yuan. The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US dollar's dominance.
Refugee Crisis Or Existential Battle With USA for Europe
It has been clear for some years now that the USA, backed by its main NATO and EU military allies the UK and France (the FUKUS axis has been trying to provoke Russian into firing the shot that will be heard around the world and recognised as the startiung signal for World War Three.
Nothing is ever as it seems to be however, and views from middle east and far eastern journals suggest the USA is also working at destabilizing EU nations in order to force their support in its wars.
The European People’s Party (EPP) is the largest political group in the European Parliament, and they are unerringly supportive of America's efforts to start a war with Russia. “The time of talk and persuasion with Russia is over," MEP and Vice-President of the EPP told a meeting on Tuesday, 21 April, “Now it’s time for a tough policy, and concentration on defence and security ...”
The Mediterranean Boat People Crisis - How Does Europe Deal With The Mediterranean Migrant Crisis
The numbers of migrants trying to cross from the Libya on the coast of north Africa to one of the EU's southern nations is increasing. Europe's impoverished southern nations can't cope. And in the better off nations of northern Europe immigration is a toxic issue which is fuelling the rise of anti EU parties from France to Finnland in the north and Hungary in the east. What can be done?
This Is Why The US Just Lost Its Superpower Status According To Larry Summers
As more and more countries flock to join the Chinese led Asian Infrastructure Investment Bank after Britain, France Australia, India and other traditional US allies defied Washington to associate themselves with China's initiative, conservative economic pundit Larry Summers once a contender for the chairmanship of the Federal Reserve delivered a sharp rebuke ...
The True Debt Disaster America Faces - Only A Fraction Of Government Debt Is Known To The Public
Politicians and the media talk about the $17 trillion debt the US Government owes to creditors. They are lying, the $17 trillion is a fraction of what america owes. The real figure is $200 trillon. And Obama's loonytoons economics are driving that up at an accelerating rate.
U.S. versus Russia War: Top Russian Politics Scolar Stephen Cohen Tells The Truth
We have been blogging for four years about the US drive for war, provocation of Russia in Syria, Iraq, Ukraine and elsewhere made it obvious. But I'm just a news junkie with a strong sense of curiosity and have wondered why the US seems set on this course. Good to see experts like Stephen Cohen, a prominent expert on, Russia are coming onside.
Does It matter If The Dollar Is Replaced?
"Without delving too deeply into Austrian economic and capital theory, just let me point out that money printing disrupts the structure of production by fraudulently changing the “price discovery process” of capitalism. Capital is allocated to projects that will never be profitably completed. Bubbles get created and collapse and businesses are suddenly damaged en mass, thus, destroying wealth. (Zero Hedge)"
What the BRICS plus Germany are really up to in the Currency Wars?
The move led by Russia and China to dump the Petrodollar has escalated into a currency war, not the kind of war we assciate Obama with but give him time. Some wars as in Ukraine, by proxy are not going so well. Others, like the one against Islamic State aka ISIS aka ISIL in the middle east are going worse. Disintegration of The American Economic Empire is manifesting itself in moves by wannabe global players towards creating a multipolar world ...
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