Feb 09, 2016 7:36 AM GMT
Why Bernie vs Hillary Matters More Than People Think
"Many people think that it is the Republican Party alone that is responsible for this, but beginning in 1976 with Jimmy Carter, the Democratic Party was captured by this same ideology, which in academic circles is often referred to as neoliberalism. It is now largely forgotten that it was Carter, not Reagan, who began deregulating the market."
"Bill Clinton took the party even further to the right. In 1992 he ran on the promise to “end welfare as we know it”, a total repudiation of the FDR/LBJ legacy. With the help of republicans, Clinton was eventually successful in drastically cutting the welfare program. Clinton also signed important deregulatory bills into law, like the Commodities Futures Modernization Act and the Gramm-Leach-Bliley Act. Most economists blame one or both of these pieces of legislation with directly facilitating the housing crisis in 2008"
"So Bernie Sanders is not merely running to attempt to implement a set of idealistic policies that a republican-controlled congress is likely to block. He is running to take the Democratic Party back from an establishment that ignores the fundamental systemic economic problems that lead to wage stagnation and economic crisis."
"This is not a contest to see who will lead the democrats, it’s a contest to see what kind of party the democrats are going to be in the coming decades, what ideology and what interests, causes, and issues the Democratic Party will prioritize. This makes it far more important than any other recent primary election. The last time a democratic primary was this important, it was 1976. Only this time, instead of Anybody But Carter or Anybody But Clinton, the left has Bernie Sanders–one representative candidate that it is really excited about. The chance may not come again for quite some time.
Hillary Clinton is a neoliberal building on the legacy of Ronald Reagan and Bill Clinton. She doesn’t understand the pivotal role inequality plays in creating economic crisis and reducing economic growth. She has been taken in by a fundamentally right wing paradigm, and if she is elected she will continue to lead the Democratic Party down that path.
Bernie Sanders is a democratic socialist building on the legacy of Franklin Roosevelt and Lyndon Johnson. He understands that inequality is the core structural factor in economic crisis and that growth in real wages and incomes is required for robust, sustainable economic growth.
It doesn’t matter which one is more experienced, or which one’s policies are more likely to pass congress, or which one is more likely to win a general election, or which one is a man and which one is a woman. This is not about just this election, or just the next four years. This is about whether the Democratic Party is going to care about inequality for the next decade. We are making a historical decision between two distinct ideological paradigms, not a choice between flavors of popcorn. This is important. Choose carefully."