Neoliberalism Is Over. Welcome to the Era of Neo-Illiberalism!
Big tech, nationalist politics, and the billionaire class have propelled a novel political economy. What impact will the virus have on this new status quo?
Read more...Readers, I have had a correspondent characterize my views as realistic cynical. Let me briefly explain them. I believe in universal programs that provide concrete material benefits, especially to the working class. Medicare for All is the prime example, but tuition-free college and a Post Office Bank also fall under this heading. So do a Jobs Guarantee and a Debt Jubilee. Clearly, neither liberal Democrats nor conservative Republicans can deliver on such programs, because the two are different flavors of neoliberalism (“Because markets”). I don’t much care about the “ism” that delivers the benefits, although whichever one does have to put common humanity first, as opposed to markets. Could be a second FDR saving capitalism, democratic socialism leashing and collaring it, or communism razing it. I don’t much care, as long as the benefits are delivered. To me, the key issue — and this is why Medicare for All is always first with me — is the tens of thousands of excess “deaths from despair,” as described by the Case-Deaton study, and other recent studies. That enormous body count makes Medicare for All, at the very least, a moral and strategic imperative. And that level of suffering and organic damage makes the concerns of identity politics — even the worthy fight to help the refugees Bush, Obama, and Clinton’s wars created — bright shiny objects by comparison. Hence my frustration with the news flow — currently in my view the swirling intersection of two, separate Shock Doctrine campaigns, one by the Administration, and the other by out-of-power liberals and their allies in the State and in the press — a news flow that constantly forces me to focus on matters that I regard as of secondary importance to the excess deaths. What kind of political economy is it that halts or even reverses the increases in life expectancy that civilized societies have achieved? I am also very hopeful that the continuing destruction of both party establishments will open the space for voices supporting programs similar to those I have listed; let’s call such voices “the left.” Volatility creates opportunity, especially if the Democrat establishment, which puts markets first and opposes all such programs, isn’t allowed to get back into the saddle. Eyes on the prize! I love the tactical level, and secretly love even the horse race, since I’ve been blogging about it daily for fourteen years, but everything I write has this perspective at the back of it.
Big tech, nationalist politics, and the billionaire class have propelled a novel political economy. What impact will the virus have on this new status quo?
Read more...Today’s Water Cooler: #COVID19, Biden (virtual rally debacle, youth vote, Veepstakes), Trump’s failure, the end of canvassing?, DSA, horrid employment numbers (with class dimension), containers, rail, sharing economy, Sephora, Rent the Runway, Zoom, llamas and antibodies, West Wing
Read more...Today’s Water Cooler: #COVID19 stats, Biden and Reade, Democrats and Never-Trumpers, Ronald Klain, Sanders post-mortems, #COVID19, swing states, and New York, employment situation, tankers, Blackstone, Neiman Marcus, Yelp, Gilead, the liberal arts, pandemic therapy, the “Karen” meme
Read more...Today’s Water Cooler: #COVID 19 chart, Chait on Biden, billionaire donors, Sanders post mortem, Warren, Michelle Obama, horrid Social Security proposal, employment, employment, meat-packing, trucking, airfreight, apparel and Vietnam, #COVID vaccines, employment, where is FDR?, asthma
Read more...A round-up of May Day strike coverage.
Read more...Today’s Water Cooler:
Read more...The COVID-19 pandemic triggered unprecedented changes in employment levels and the values of stocks, bonds, commodities, and currencies.
Read more...Today’s Water Cooler: #COVID19 stats and international comparison, Biden (Summers, suburban moms), Cuomo, Trump (#MeToo, Greenwich CT), Fauci, Clinton, rehabilitating Bush, soil, #COVID19 (East Asia, insurance, testing), Amazon, cyberpunck, psychedelics, Blondie, “Chairman Meow”
Read more...Today’s Water Cooler: #COVID19 states, ship owners on globalization, Festival of Biden v Tara Reade, Sanders organizers, Trump polling, Russiagate, third party, “sclerotic America,” manufacturing, rail, construction, recession, Amazon, Grubhub, May Day, Raspberry Pi, trust issues
Read more...By Lambert Strether of Corrente. Patient readers, another household debacle caused me to get a late start. Worse, the echoes are still reverberating. So I’ve put out a skeletal version with an item in every bucket, and I will update on a rolling basis. Sorry! –lambert UPDATE All done! #COVID19 At reader request, I’ve added […]
Read more...Can venture capitalists, private equity, Republican fixers, biomedical serial entrepreneurs, and scientists from two medical institutes deliver a #COVID19 solution that involves mass certification via a cellphone app, and a new hybrid form of governance, an “empowered council”?
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