Showing posts with label deregulation. Show all posts
Showing posts with label deregulation. Show all posts

Sunday, November 16, 2014

The U.S. election: a sea-change for the GOP? Or swan song?

A notion has spread -- foisted not just by cable news, but all media -- that the recent U.S. mid-term elections manifested some kind of tidal surge favoring Republican Party policies. Alas, the most disturbing thing about that meme is how pathetically easy it is to refute.

1) Democrats in 2014 had to defend 13 Senate seats in red or purple states. Mostly, the GOP reclaimed a number of naturally-red seats that had swung out of their grasp in a wave of revulsion toward the Bush era, amid Barack Obama’s first landslide. Here's your GOP "wave" - Montana, South Dakota, West Virginia, Arkansas, Louisiana, Alaska, Georgia, Virginia and North Carolina.  (In fact, the dems held on to Virginia, boding poorly for the GOP. See below)

Nothing makes more clear the dismal state of journalism than its inability to show this on a map.

Things will be different in 2016, when Republicans will defend 24 Senate seats, of which18 are likely to be competitive based on geography and demographics. Democrats will be in peril of losing just one seat that could be competitive. And it could get worse for the GOP. There is chatter about potential Republican retirements in Arizona and Iowa. If either John McCain or Chuck Grassley decided to call it a career, each of those races would be major Democratic targets. 

Further, says Chris Ladd, one of the few openly Republican commentators to lift his head and reject the connivers who’ve hijacked his party: 

“Almost half of the Republican Congressional delegation now comes from the former Confederacy.” Illustrating my point that this is no longer about “parties or “left-vs-right” anymore. It is a re-ignited phase of the American Civil War.

2) Moreover, this election was just about the worst in U.S. history, for voter involvement. In 43 states, less than half the eligible population bothered to vote, and no state broke 60 percent. A first to be proud of. 

As Chris Ladd put it: “Republicans in 2014 were the most popular girl at a party no one attended.” Why? “Vote suppression is working remarkably well, but that won’t last. Eventually, Democrats will help people get the documentation they need."

(Elsewhere I describe how failure to provide compliance assistance is the smoking gun, proving that voter ID laws had only one intent, all along.)

Indeed, some factors that depress turnout during midterms have the opposite effect in presidential years. For example, good feelings. A sense that things are improving. Take the steadily improving US economy.  U.S. consumer spending rebounded last month, but confidence among consumers is surging at a faster pace. 

Deficits are declining steeply, as always happens in Democratic administrations. Throw in lower gas prices, engendered partly by U.S. shale but equally – say experts – by the 2009 CAFÉ increases in car mileage standards that sent fuel efficiency rocketing skyward, saving consumers billions… and which the GOP has sworn to repeal.

Midterms tend to say “relax” to folks who see times improving. But presidential elections bring such voters out, in force.

(Regarding budget deficits, any US citizen who sincerely cares about fiscal responsibility would have to be crazy ever to go anywhere near the GOP, ever again. The second derivative rate of rate of change of debt is always negative under democrats and always positive under republicans. Period. Always. A grownup faces facts that veer from expectation – and adapts. See: Do Outcomes Matter More than Rhetoric?)

3) Policy-wise, voter decisions were very different than this purported “landslide” would have you believe.  For example:

- Every major Democratic ballot initiative was successful, including every minimum wage increase, even in the red states.

- Every “personhood amendment” failed.

- Libertarian minded voters are starting to take note that the archaic-insane Drug War is being deregulated away only in Blue States. Hence, the current libertarian cant (fostered at great expense by the Koch Brothers and Steve Forbes) that “Republicans are less anti-freedom than statist democrats” is starting to shred.

Further, word is getting out that only democrats deregulate onerous government over-reach. Who abolished the ICC? The CAB? Or broke up Ma Bell? Or unleashed an unregulated Internet? Democrats. The GOP – for all its ranting about bad bureaucracy – has only ever deregulated one industry… Finance/Wall Street. And we saw how that went.

- But the biggest reason to doubt that this election reflected preference for GOP policies is simple.  What policies? 

Other than the Keystone Pipeline, there are no positive things on their agenda, only negatives -- explaining why this U.S. House of Representatives has been the laziest in the history of the republic. (See below.) And sure, Fox uses negative motivation effectively.  But it has driven away people who want to move ahead. (Also below, see stats on US scientists.)

5) The hypocrisy of those who now proclaim a “mandate” from the American people, based on a margin of 3% in actual votes, in the lowest-attended national election ever… after they shrugged off two landslide elections of Barack Obama as “meaningless,” is stunning proof of selective insanity.

6) All of the voting machine manufacturers are now owned by radical republican factotums, some of them with criminal records. This does not matter much in most blue states, where laws require that the process include a paper receipt that the voter can peruse and verify herself, and that can be hand-counted in random audits of precincts.  This means any large scale reprogramming of the voting machine results will eventually send the machine makers to prison.

In red states, there are often no such laws. No one knows how to audit the machines’ output and that is just fine by the party running those states. In other words, many tens of thousands of votes may be electronically altered without repercussions. No single fact more clearly portrays the fundamental difference in basic citizenship, between the Olde Confederacy and its blue opponents, in our ongoing struggle over American destiny.

7) As for future GOP prospects?  They are very dim in any election wherein women, minorities or the young actually vote. The map of “safe” states for a democratic presidential candidate is spectacularly good.  Mr. Ladd again:

 “…at the outset of any Presidential campaign, a minimally effective Democratic candidate can expect to win 257 electoral votes without even trying. That’s 257 out of the 270 needed to win.”

If one includes Virginia… and Ladd argues one should… then the total number of “safe” democratic presidential electors is 270, all that’s needed to win.

== So what will the GOP Congress actually do? ==

Almost certainly nothing. Or nearly so. Again, to be clear, under Speaker John Boehner the United States House of Representatives became the laziest, least productive and most corrupt in the history of theRepublic, with fewer bills passed or even introduced, fewer hearings held or subpoenas issued, and fewer days in session, than any Congress since congresses began. Oh, but the most days spent away from the Hill, raising mountains of money.

Sure, the pace of legislative deliberation may pick up, now that the GOP controls the Senate. One can hope. Take this headline. “Mitch McConnell's Mission: Making The Senate Work Again.” We’ve seen a week of hype that Senator McConnell sincerely wants to get down to business! Or this from The Washington Post: “Republican leaders, too, are inclined to clear the legislative decks of must-pass bills so they can start fresh in January, when they will have control of both chambers of Congress for the first time in eight years.”

Indeed we can hope! And that they negotiate with the President and their colleagues on the Hill.

But given six years of filibustering obstructionism and laziness, one can be excused some cynicism. Recall that the GOP controlled Congress for TWELVE years, from 1995 to 2007 and for the last six of those, they controlled every branch and lever of the US government, from presidency to courts to Congress and so on. 

What did they do with that perfect and complete lock on power?  Did they take control of our borders?  Solve the "entitlements crisis?" Balance budgets? Deregulate reviled agencies? Offer a plan for health care reform? Can you recall anything they actually did, during those years? Other than deregulate banks and Wall Street? 

No. If liberals are the manic side of our national bipolar disease, conservatives are the depressive side. In an era when we need agility while charging into an uncertain future, their reflex is to growl: “No! Let’s do nothing. And get off my lawn.”


== But 'NO" is a magic word ==

Take the accompanying graphic… it is obsolete. By now a vast majority of blockages – across all of US history - have targeted this administration alone, depriving the American people of a functioning government. But to the GOP's owners that is a feature! 

The deliberate destruction of politics as a pragmatic system for negotiating solutions to problems has been the great achievement of the Koch-Murdoch-Saudi axis. Earlier phases of the confederacy never accomplished such a thing. But this version has an openly stated goal that “government of the people, by the people, for the people SHALL perish from the Earth.”

Is all of this about to change? On the one hand, McConnell and his colleagues know the math for 2016. They can see they need to craft a better image or else go extinct. Perhaps there will be a few White House lunch meetings and one or two mentions of compromise.

But in fact, there truly is no chance of a détente. Across the last 60 years, democratic congresses have generally deferred to or negotiated with republican presidents, allowing them (with some big exceptions) to get their nominees passed. This has never been true in reverse. Not once, ever. Especially since the GOP openly declared its Hastert (“never negotiate”) Rule.

Indeed, few issues did more to divide the Senate over the past several years than the vetting of Mr. Obama’s judicial and executive-branch nominees.  

And now note: Supreme Court Justice Ruth Joan Bader Ginsburg is 81 years old.   You can be certain of a firestorm, when Obama appoints her replacement. (She of course should have retired a year ago.) 

No, the turtle does not change his scales.

== A Genuine paladin for reviving a sane GOP ==

I’ve mentioned before that there are glimmers, here and there, of what America must do, in order to end this deliberately re-ignited phase of our self-destructive Civil War.  

What is needed is for fifty million “ostrich republicans” – basically sane, pro-science, and pro-markets, but right now burying their heads in utter denial, staring at Sean Hannity and pleading with him to keep them hypnotized – what’s needed is for fifty million of them to finally wake up. To see and admit and get angry over the fact that their movement has been hijacked by (at best) crazies and (at-worst) outright traitors.

What will it take for ostriches to take notice and rebel, to save their movement? To return it to being about competitive enterprise, community empowerment and Adam Smith?

Signs of sharp divergence from those things have been visible for years.  For example, the American right, which used to admire knowledge and expertise, is now in full tilt war against science. (See The Republican War on Science, by Chris Mooney.) Thirty years ago, 40% of U.S. scientists called themselves Republican, now it is 5%. They are voting with their feet, the smartest, wisest, most logical and by far the most competitive humans our species ever produced. 

And not just science! Can you name for me one profession of high knowledge and skill that is not under attack by Fox and its cohorts?  Teachers, medical doctors, journalists, civil servants, law professionals, economists, skilled labor, professors… oh, yes and science. Should this brain drain matter?

Not according to Fox, which touts the notion that brains automatically correlate with stupidity and lack of wisdom. What a meme! But some of you believe it. Indeed, that noxious meme is shared in some quarters of the left.

Is anyone out there trying to ease the pain of Barry Goldwater’s ghost, or to stop the spinning in William F. Buckley’s grave? 

George Will – almost by his witty self -- could have done this thing and helped to save the country, if he weren’t a rationalizing coward. There are glimmers of an uprising over on the pages of The American Conservative… but that rebellion and re-evaluation is tepid, glacial, timid.

Still, one seeks hope.  Indeed, at last, we may have found a hero who has the intellect and courage to condemn the Koch-Murdoch-Ailes-Saudi hijacking of U.S. Conservatism.  I quoted from Mr. Chris Ladd, above. I know very little about the fellow, but his postings show that he is no shill for the statist left. His opposition to the Murdochian madness is based on a wish for the United States to have a party dedicated to enterprise and finding competitive, non-state solutions to real problems, in a flat-open-fair marketplace of products, services and ideas…

…as Adam Smith prescribed -- and as every generation of Americans has had to redefine and refresh. It is not leftism that today’s oligarch-owned GOP opposes, but the very principles and practical miracles that it is supposed to defend.  Which is why conservatism today never mentions Adam Smith.

I hope Mr. Ladd gets some scrutiny and attention.  It will be interesting to see if his “GOPlifer” column maintains quality and gains traction.

== Continue to Part II




Saturday, July 05, 2014

The Immigration Fury: one of many cliches you believe - that are “opposite to true”

Not far from where I live, demonstrators in Murrieta California have been blocking a facility designated to hold families and children who were recently intercepted attempting to cross illegally into the United States.  The demonstrators' chief effect -- (other than keeping kids on stifling busses for a few hours, till other centers came online) -- was to make a noisy statement about the recent flood of young border crossers. 

Fair enough. That border youth-surge apparently arose when commercial "coyote" crossing-traffickers discovered and publicized a glitch in the Bush era immigration law, treating children with more legal niceties than adults. The Obama Administration is scurrying to adjust and staunch the flood. But such details are not my reason for raising the topic, today. 

In fact --

-- the sound and fury over illegal immigration to the United States has put me in a rebellious and contrary frame of mind! I intend to upset everyone... from left to right... by pointing out that everything you believe about this issue is probably wrong. 

Indeed, what you believe -- about who is better at defending the U.S. border, and maybe a dozen other major issues -- may be diametrically opposite to true!

== Our previous example of an "opposite" ==
BUDGET-DEFICIT
This contradiction re immigration (which I'll get to, in a moment) isn't the only one.  Amid an era in which "discourse" consists primarily of argument-by-facebook-jpegs, I got a lot of positive vibe for an elegantly clear graphic, a while back, showing that the U.S. budget deficit suffers a positive 2nd-Derivative (2D) — that accelerates toward skyrocketing debt — during almost every year of every Republican administration since Eisenhower. 

In sharp contrast — and contrary to every “truthy” slogan we’ve been taught — the 2D of federal deficit spending improves or decelerates during almost every year of every Democratic presidential term.

Why are our basic assumptions so perfectly opposite to actual fact? Both parties have "rhetoric constituencies" -- armies of reflexive voters who have no influence over actual legislation, but who must be told what they want to hear! Even if it is completely different than the effective agenda of the party's true rulers.

In the case of fiscal responsibility, this clash is obvious. Progressives, clutching a long laundry list of causes that need addressing right now, don't want to be told that borrowing must be handled judiciously and responsibly. So their party's record of actual fiscal prudery is something that Democratic leaders scarcely mention. And it is pretty obvious why GOP leaders want to talk loudly about balancing budgets, to distract Republican ground troops from their actual record, pouring deficit spending into the open mouths of the party's owners.

US-ExportImportBank-Seal2Or take another glaring example in today's news. The right's sudden attack upon the U.S. Export-Import Bank.  Mind you, as a Smithian libertarian, I actually dislike the institution, whose primary justification is that "every other country is doing it and we'll cripple ourselves, if we stop."  

Hm, well, I would make it a high priority to treaty-negotiate away the practice.  Still, how ironic that the tea-partiers are targeting an institution that (in fact) is completely self-financing! There is no "tax-waste" going on, at all. The underlying motive, then? That many of the exporting companies - like Boeing - tend to be technological and therefore Democratic-friendly.

== Back to immigration ==

But let's return to today's core topic. Our absurdly wrong cliches about immigration. Let me put it plain. 

Democratic presidents always beef up the U.S. Border Patrol and reduce illegal immigration, while GOP presidents almost always cripple the Border Patrol and open the floodgates of illegals. It is right there in the budgets and manpower figures, with one exception --

-- that G.W. Bush started down the usual GOP path, slashing Border Patrol funding during his first 6 months in office… but then had to increase it, prodigiously, after the traumas known as 9/11.

WAR-ON-REASONIf you actually thought about it, you would understand why both parties’ actions regarding immigration run diametrically opposite to their reputations and rhetoric. Dems actually benefit from LEGAL immigration, which increases the potential numbers of loyal union members and eventual voters. Hence, in fact, democrats have always been softies about increasing the flow of fully sanctioned and documented immigrants. Again, it is legal immigration that democrats have always favored.

Unions do not want illegals undermining wages… which is something the top GOP masters do want. Again, just so your mind cannot evade the cognitive dissonance, dig it well: democratic presidents beef up the Border Patrol and are actually pretty fierce with deportations. This was true of Carter, Clinton and Obama. 

If you hate the ethnic changes taking place in America, fine, but go after the dems for legal immigration, which they did open wider, and stop obsessing on the much smaller illegal influx, which democrats actively combat and which your own party has relentlessly aided and abetted. 

(But if you are that kind of person, logic is wasted on you, anyway.)

Do you start to see the picture? How often what the parties do will run diametrically opposite to the malarkey they feed their rhetoric constituencies? And more the fool you are, for falling for it. 

Go listen to Weird Al sing "Everything you know is wrong." Acceptance is the beginning of the road to openminded recovery.

== Another "opposite" ==

Deregulate-WordMore examples? The same cognitive dissonance between cliched expectation and reality can be found in “de-regulation of excessive government bureaucracy.”

Which party talks and talks and talks about that? About eliminating overly burdensome and competition-reducing rules and agencies? Which one wants to ease the burdens of over-regulation? You think you have that sussed?

 Ah, Republicans do talk about de-regulation, incessantly. But does the GOP ever do anything about it? Even during the many years (e.g. 2001 through 2009) when they held every lever of power -- executive, legislative and judicial?  Go on, name those great de-regulatory feats that came about during those years. Take your time and be thorough. We can wait right here till you get back....

(Be sure - while you're at-it - and ponder the half a trillion dollars in no-bid "emergency" contracts that the Bush-Cheney Administration signed with family-crony companies. Ah, the party that favors free-market competition.)

In fact: ironically, it was the democrats who disbanded the ICC (Interstate Commerce Commission) that Ayn Rand deemed the worst example of “captured” government, helping railroad moguls to collude and destroying market vigor. It was democrats who disbanded the horrid old Civil Aeronautics Board (CAB) and restored airline competition. 

Democrats performed the single greatest act of de-regulatory unshackling in human history, when they unleashed the wild-open Internet upon the world, with almost no supervision or regulation at all! (It was Sen. Al Gore's bill that did that.)  Not to mention lesser events, like Obama opening U.S. space-launch services to competitive bidding. Or the largely-liberal-led efforts, in many blue states, to rein in - at long last - the horrifically insane regulatory madness called the War on Drugs.
democat-deregulation
In fact, Democrats did nearly all of the major U.S. deregulations of the last century... except in one industry.

Finance. Wall Street and banking. I will grant that Republicans have actually put their de-regulatory rhetoric into practice in that one sector. Not once but many times.  

Now, some critics have claimed that regulation of finance is desperately necessary to prevent collusion, cheating and massive raids on our economy. Adam Smith as much as said so. Indeed, rampage raids on our wallets -- with accompanying market collapse -- did happen right after every GOP-led slashing of supervision in securities and finance, especially in the 1920s, the 1980s and the mid-2000s. A cynic might conclude that's the goal! But let us at least admit that this is a counter-example to my assertion - that Republicans never actually de-regulate. Securities and finance: there is an industry where the GOP did follow up their rhetoric with action.

And let me further avow that democrats are also the fellows who eagerly rush to apply new regulations! For every time they slashed an agency or rule, they surely compensated by legislating two, somewhere else.  Liberals are like that. And sure that's one cliche truism that does have some validity. I do have a libertarian side and it squirms when I see progressives declaring a need for solutions! Then following that with a demand that each fix be... well... meddlesome.

Elsewhere I have attributed this frenzy of erecting - and demolishing - tweaks upon society to a matter of personality.  Democrats and liberals are not so much statists as they are manic, constantly having to do something about problems!  Yes there are problems. Still, the manic trait is at-best... grating.

Moreover, personality explains why Republicans grumble so much, but never actually do anything, leading the laziest and most useless Congresses in U.S. history.  They are the depressive side of our national bipolar disorder.

== Why does no one ever notice? ==

Rhetoric-symbolismAnd so the question is raised… why do all the pundits and journalists and pols and online yammerers never even glance at any of these horridly opposite-to-true cliches?  

Again, the answer is simple. Rhetoric and symbolism always trump fact-based appraisal. 

Left wingers do not want to face the fact that democratic presidents are strong at the border and fiscally cautious, and sometimes retire obsolete programs. Tea Partiers would rather rail against illegal immigration -- a problem that their party leaders have always fostered, because it seems less racist and nasty to go after undocumented law-breakers than the much larger legal flood, which the democrats did set in motion!

We are slaves to cliches. And the news media is complicit.

Monday, December 29, 2008

Truth & Reconciliation Addendum: How radical might it all get?

Following up on the last two unconventional suggestions, with a little deep perspective.  All this talk about dealing with recent crimes and “truth commissions” has got me thinking about the Big Picture Context -- where all this may fit in the epic of human history.  So let’s take a little time to play thought experiment.

Suppose we discover the worst, to our blinking, unbelieving dismay, is worse than we ever imagined. What if the coming wave of revelations really rocks us back in stunned dismay.

Thomas Jefferson said that each generation must hammer together a new and revolutionary set of methods to use, in vigorously defending freedom.  One reason for this is that technologies and other social factors change, requiring new and innovative solutions.  Also, the “solutions” of a previous generation often get spoiled or suborned by new waves of parasites, who learn how to twist them to their advantage.

Take the way agencies like the Interstate Commerce Commission (ICC), the Civil Aeronautics Board (CAB) and the Bell System all started with the intent of overcoming monopolistic abuses, but wound up being “captured” by the industries they were supposed to regulate.  Hence a little known historical fact -- that it was the Democratic Party, particularly under Jimmy Carter, who performed the biggest and most effective deregulations in U.S. history, by breaking up all three of these calcified entities and several others, restoring healthy competition to railroads, trucking, airlines, telecommunications and many other fields.

(In contrast, GOP-led ‘deregulations’ in S&Ls, banking, securities and mortgage lending all led directly to locust-swarms of loophole-using vampirism. The clear lesson of history: if you want decent de-regulation, that both reduces government meddling and fosters open, honest competition, ask Dems to do it.)

Or witness what happened to the supposedly “progressive” income tax. An innovation that appreciably limited aristocratic power for a while, but now seems fine-tuned to serve the interests of a newer aristocratic clade—one that grew up knowing every twist in the creaky and arcane and outdated law.

Why do I raise this now?  Because we do not yet know how deep the rot goes, how far parasitic tentacles have penetrated, during the last decade.  Suppose Special Prosecutors or a “truth commission” were to reveal something truly pervasive and nasty?  Might our leaders try to hide this information from us, for our own good? (See #16.)  Or, if it’s revealed, might people be so radicalized they demand draconian, even revolutionary measures?

This is the ultimate, illogical foolishness of insatiable/rapacious, top-level parasitism.  Aristocrats who think they are mutant-smart (instead of merely lucky) tend to assume they are immune to history.  That cyclical patterns can never apply to them, or that sheep don’t look up. Or that tumbrels can never again roll through the streets.

Time for a historical factoid. At around the time of the 1775 uprising that sparked the American Revolution, vast sections (up to half) of the colonies of Georgia, New York, Pennsylvania, and Maryland were owned by individual families under charters granted by the British crown. The great landlords were mostly royal cronies - personal friends of the king - who never even visited their vast new fiefs. (Such cronyism was cited by Adam Smith as the great destroyer of free markets, rather than socialism, which he considered a much less worrisme threat.)

How did that earlier generation of Founders solve the problem? Certainly seizure of some Tory assets had a great deal to do with the breakup of those grossly unfair, unearned estates -- and such things might happen again, if the People must rise up against a new feudalism. Still, mass confiscation is a bludgeon, at-best unreliable. Often, it only leads to a new class of meddling masters, even worse than those who came before.

Fortunately the main rebalancing technique that was used, just after the revolution was far gentler and less socialistic. Across the 1780s and 1790s, many states passed laws against “primogeniture"... the automatic inheritance of all real property and titles by the eldest son.

That was it.  Simple.  But it sufficed.

Recall that primogeniture had been a strong tradition, that let aristocratic wealth and power remain concentrated in a few families.  Hence, for a generation, American society (through consensus political action) stepped in to severely limit a landowner's right to decide which of his children would receive what. Instead, for a while, the law demanded equal distribution among all offspring.

It sounds meddlesome and anathema to libertarian principles. Yet, without such innovations, America would have started as a true feudal-oligarchy. But thanks to anti-primogeniture laws, within two generations all the remaining giant estates had broken down to fair economic units, without much actual confiscation, by simple division of inheritance among large families.

The result: a win-win situation. Profit motive was retained and wealth continued to be a draw for innovators, yet aristocracy was forestalled. Moreover, having done its job, the solution was then allowed to wither away! Today, by phrasing a will correctly, a man or woman can bequeath to whichever child he or she likes best.

Why do I raise this now?  Making this posting so long that hardly anybody will have reached this point anyway?

Because we were blessed, since the era of George Marshall, with an era that featured the flattest social structure in human history, a period without major class conflict, dominated by a highly mobile and empowered middle class.  One in which by far a majority of American millionaires were “self-made” through having delivered competitive goods or services or innovations. A time when billionaires left far more to their foundations than to hyper-privileged offspring.

But we need to prepare against the very real possibility that we’re re-entering a more “normal” period of history.  One riven by steep cliffs of disparity of and inherited privilege -- tendencies that appear to be rooted in human nature and our genes. The very same trends that ruined free markets and democracy in hundreds of other nations and eras. Precisely the trends that the Enlightenment was invented to resist.

 This could be our generation’s time of testing.

Just suppose that it is so, then we have a duty.  We must emulate our pragmatic reformer ancestors and avoid the excesses seen in France, Germany, Russia and China and so many other places, where anti-artistocracy uprisings went too fgar.  Where they radicalized and then turned monstrous, in their own right. Resisting the tempting allure of class hatred and simplistic ideology, we should recall that nothing good ever came of the hoary and stupid and utterly destructive/insane so-called “left-right political axis.” It has nothing to tell us. Toss it out! (After all, isn’t it... French?)

No. If we find our nation slipping into an age-old human failure mode -- if some fraction of the monied elites... if disloyal capitalists and kleptocratic thieves... are doing the same-old, tiresomely predictable human thing that over-privileged fools have done in most eras -- trying to turn their advantages permanent, into something like feudalism -- that doesn’t automatically make the answer socialism!

Indeed, I doubt very many Democrats -- and certainly not the pragmatists currently running the party -- lean that way, even slightly.  After all, Adam Smith would be a Democrat, today.

No, if we do find ourselves in such a crisis, forced to reconsider the fate of class and nation on a basic level, well, there are many details of capitalism that might be revised. But we are Americans. No one ever benefited more from the positive side of markets  We can and must do as our ancestors did, when they faced similar problems.  Fine-tuning in ways punish the wicked and prevent feudalism while still incentivizing the creative and dynamically inventive!  Ways that serve to stimulate new and brighter and better and more competitive/creative markets.

We need to save and care for the baby, even if the bathwater stinks.

Every generation of Americans has had to strike the balance in new ways.  We need to gird ourselves with courage, imagination, goodwill, pragmatism, dedication and plenty of good old common sense

--Continue to Suggestion #17: Political matters