Quote of the day: The Democrats’ identity crisis


From the always-perceptive University of Missouri-Kansas City economist Michael Hudson [previously], writing at his blog:

This election showed that voters have a sense of when they’re being lied to. After eight years of Obama’s demagogy, pretending to support the people but delivering his constituency to his financial backers on Wall Street, “Identity politics” has given way to the stronger force of economic distress. Mobilizing identity politics behind a Wall Street program will no longer work.

If we are indeed experiencing a revival of economic class consciousness, who should lead the fight to clean up the Democratic Party’s Wall Street leadership? Will it be the Wall Street wing, or can Bernie and perhaps Elizabeth Warren make their move?

There is only one way to rescue the Democrats from the Clintons and Rubin’s gang. That is to save the Democratic Party from being tarred irreversibly as the party of Wall Street and neocon brinkmanship. It is necessary to tell the Clintons and the Rubin gang from Wall Street to leave now. And take Evan Bayh with them.

The Democratic Party can save itself only by focusing on economic issues – in a way that reverses its neoliberal stance under Obama, and indeed going back to Bill Clinton’s pro-Wall Street administration. The Democrats need to do what Britain’s Labour Party did by cleaning out Tony Blair’s Thatcherites. As Paul Craig Roberts wrote over the weekend: “Change cannot occur if the displaced ruling class is left intact after a revolution against them. We have proof of this throughout South America. Every revolution by the indigenous people has left unmolested the Spanish ruling class, and every revolution has been overthrown by collusion between the ruling class and Washington.” Otherwise the Democrats will be left as an empty shell.

Now is the time for Bernie Sanders, Elizabeth Warren and the few other progressives who have not been kept out of office by the DNC to make their move by appointing their own nominees to the DNC. If they fail, the Democratic Party is dead.

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