Reprinted from popularresistance.org By Kevin Zeese and Margaret Flowers, Popular Resistance
There has been a spate of articles recently on the ten year anniversary of the financial collapse. We wrote about this anniversary two weeks ago, describing the cause of the collapse and the reasons why we are still at risk for another one. Now, we look at how the aftermath of the collapse is shaping current politics, people's views on the economic system and the conflict that lies ahead to create an economy for the 21st Century.
The Aftershocks Of The Collapse Are Still Being Felt
Jerome Roos of ROAR Magazine writes that the response to the 2008 crash -- bailing out the banks but not the people -- led to unrest across the globe, beginning with the Arab Spring, and a growing anti-capitalist sentiment. He goes on to say, "It has recently begun to consolidate itself in the form of vibrant grassroots movements, progressive political formations and explicitly socialist candidacies that collectively seek to challenge the untrammeled power and privileges of the '1 percent' from below."
The stagnant economy, austerity measures and resulting increased debt have opened a space for people to search for and try out alternative economic structures that are more democratic. They have also created conditions for a rise of nationalism on the right. Roos concludes that the "real confrontation is yet to come."
In the United States, the economic conditions have revived populist movements on both the right and the left. Gareth Porter explains the Democratic and Republican parties are aware of the great dissatisfaction with their failed policies and know they need to try to appease the public by trying new policies, but they don't know how.
He points to recent joint papers put out by the Center for American Progress, a Democratic Party think tank, and the American Enterprise Institute, a Republican Party think tank. One from May is called, "Drivers of Authoritarian Populism in the United States," and the other from July is called, "Partnership in Peril: The Populist Assault on the TransAtlantic Community." In the papers, rather than present alternative solutions, they attack Jill Stein of the Green Party and Bernie Sanders, a Democratic Socialist.
There is a battle inside the Democratic Party between progressives, some who call themselves socialists, and the dominant business-friendly corporatists. As Miles Kampf-Lessin writes, "An August poll shows that, for the first time since Gallup started asking the question 10 years ago, Democrats now view socialism more favorably than capitalism."
But the Democratic Party has been deaf to the interests of its constituents for decades. At meetings organized by centrist Democratic Party groups this summer, lacking populist solutions, the best they could come up with was "the center is sexier than you think." And while a few "progressives" in the Democratic Party won their primaries, they are not receiving support from the party. Instead, the party leaders are throwing their weight behind security state Democrats, who could make up half of newly-elected Democrats this November.
In the Republican Party, Donald Trump's faux populism has shown itself to be a sham. The Republican Party is unable to handle Trump, who defeated a series of elitist candidates starting with the next heir of the royal Bush family, Jeb. A record number of Republicans have given up and decided not to run for re-election. Speaker of the House Paul Ryan saw the writing on the wall and said he wanted to spend time with his family.
The 2018 election will bring change as Republican control of both Chambers of Congress are at risk, especially the House, but this is unlikely to resolve the crises the country is facing. Democrats are more focused on going after Trump. We can expect a flood of subpoenas investigating all aspects of his administration and business, rather than solutions to the economic and social crises.
What The People Are Demanding
There is a growing anti-capitalist revolt, especially against the form it has taken in the United States, i.e. neoliberalism that privatizes everything for the profit of a few while cutting essential services for the many. Anti-capitalism is so widespread that even corporate media outlets like Politico are taking notice, as they did in an article describing what socialism would look like in the United States. And President Obama this week discovered "a great new idea," Medicare for all.
Of course, there has been a movement for National Improved Medicare for All for decades, and it is now gaining momentum. A new poll found even a majority of Republicans support Medicare for all, as do 85% of Democrats. Out of all of the 'wealthy' nations, the United States is ranked at the bottom, only above Greece, when it comes to the percentage of the population that has healthcare coverage. The third poorest country in our hemisphere, Bolivia, announced this week it will provide healthcare for all.