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View Diary: Austerity isn't dead... but it should be (132 comments)

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  •  Until corporate Democrats are willing to stand (23+ / 0-)

    up to their conservative peers and reject phony, destructive "free market" capitalism and embrace a robust Mixed Economy with strong regulations and regulatory enforcement and a more equitable distribution of income and wealth--which means rejecting the false, debunked core tenet of supply-side economics--then misguided travesties like austerity during a Great Recession for the 90% will continue to be considered "serious" policy solutions.

    The problem is that the Democratic neoliberals have employed Neville Chamberlain-esque Third Way economic policy accommodations for so long they now more than half believe in it all. All things Pete Peterson are pragmatic marketplace attitudes: excessive finanical compensation for executives and the investment class; corporate and individual tax policies, corporate welfare, the concentration of income and wealth; de-regulation and lax regulatory enforcement; laissez-faire attitudes toward white collar crime, institutionalized corruption (influence peddling and graft), and of economic injustice in general.

    At the very least they believe it is an acceptable and inevitable cost of some unsupportable notions of the benefits of "free" markets.

    In this regard, corporate Democrats share more in common with Republicans they than do with their fellow Mixed Economy Democrats.

    Until that changes, the idea of fixing problems like this immoral embrace of austerity through electoral politics is a daydream of the Left, because the Middle just isn't that into it and the system is rigged against it.

    As I've said before: we could overwhelm the Republicans and destructive, unfettered neoliberalism if there wasn't such a high pile of Third Way Chamberlain Democrats in the way.

    Frankly, I'd rather take down Exxon or Goldman Sachs, the way we're taking down RushBeckistan, than elect another "better" Democrat who's going to wind up singing for the bankster choir.

    by Words In Action on Sun Apr 28, 2013 at 08:34:56 AM PDT

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