Democratic magical thinking

James Kwak has a new book that captures the zeitgeist of a Democratic Party that is trying to recreate a left-wing version of what the Republicans did in making itself an exclusively right-wing party. In Taking Back Our Party: Restoring the Democratic Legacy, he lays out our situation of inequality, business monopsonies, and complicit "third way" Democrats pioneered by Bill Clinton. Even Barack Obama bought a $12 million home on Martha's Vineyard.
Kwak writes:
And so, because this is a book about how to make things better, it’s a book about Democrats. It’s about how, in the wake of the Reagan Revolution, we latched onto the idea that a more modern, more sophisticated, more business-friendly Democratic Party could successfully compete for the White House. It’s about how this transformation, while paying off in victories in four of the past seven presidential elections (six if you go by the popular vote), has left us impotent in the face of growing inequality, even when in power, and incapable of making the case that we can help families struggling against economic insecurity and misfortune. And it’s about how a new Democratic Party, dedicated to a progressive economic agenda, can take up the challenge of ensuring a decent life for every American.
Bernie Sanders and Elizabeth Warren are on board. So are numerous Democratic activists, AOC and "the squad." I'm sympathetic to many of their positions, but I have some misgivings.
































