Posts Tagged ‘Clintonism’

Clintonism, Trumpism: a win-win for the 1%

April 28, 2016

In American politics today, there are three main factions and only two parties to represent them.  One faction has to lose and, if Hillary Clinton and Donald Trump are nominated, it will be the Bernie Sanders progressives.

fatcatHillary Clinton represents the Washington and Wall Street elite, committed to perpetual war and crony capitalism.  Wall Street bankers have made her and her husband rich, neoconservative war hawks praise her and Charles Koch has said she may be preferable to either of the possible GOP nominees she may be preferable to either of the possible GOP nominees.

Donald Trump speaks to the concerns of working people—especially pro-corporate trade deals and deindustrialization—but he has no real solution.

His economic nationalism, while not a complete answer to U.S. economic problems, is preferable to the corporate trade deals of the Bill Clinton, George W. Bush and Barack Obama administrations.

But by pitting white working men against Hispanics, blacks, immigrants and feminists, he prevents the working class as a whole from ever having enough clout to defend their interests.

Thomas Frank wrote an excellent book about how the Republicans may be the party of the wealthy elite, representing the upper 1 percent of American income earners, but the Democrats are the party of the educated professional elite, representing the rest of the upper 10 percent.

This year’s political realignment may change this, as he himself implicitly acknowledged in a new article in Vanity Fair.  Under Hillary Clinton, Democrats are becoming the party of the upper 1 percent as well.  Here is the meat of what Frank wrote.

Rich Americans still have it pretty good. I don’t mean everything’s perfect: business regulations can be burdensome; Manhattan zoning can prevent the addition of a town-house floor; estate taxes kick in at over $5 million.   But life is acceptable. Barack Obama has not imposed much hardship, and neither will Hillary Clinton.

And what about Donald Trump?  Will rich people suffer if he is elected president?  Well, yes.  Yes, they will.  Because we all will.  But that’s a pat answer, because Trump and Trumpism are different things.  Trump is an erratic candidate who brings chaos to everything.  Trumpism, on the other hand, is the doctrine of a different Republican Party, one that would cater not to the donor class, but rather to the white working class.  Rich people do not like that idea.

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