Transcript
A (0:01)
Welcome, friends, to Economic Update Extra. This is where we continue interviews and major discussions from the regular Economic Update program to allow those of you in the Patreon community who support us, and for that we are grateful, who support us and therefore we want in turn to support you. And one way we can do that is to provide you with a bit more material than the regular audience has available to it. So we were discussing the elections and what they might or might not mean for the broader historical movement of capitalism today.
B (0:40)
So I want to pick up, David, by asking you whether you support, like, don't like the idea that a good part of the blame, if you like, for the right wing turn for Trumpism belongs on the Obama, Clinton, conventional, traditional, centrist Democrats, in a sense, did they prepare the way, even though they want to pretend that they didn't?
C (1:05)
Oh, they prepared the way. No question about it. And I think if you go back to the first Clinton administration that they came in promising universal health care and they gave us NAFTA and they gave us the reform of welfare as we.
B (1:19)
Know it and the end of punitive.
C (1:21)
Incarceration, the end of glass Steagall, look at everything in the Clinton administration and it had nothing in it. And I think it was very significant that when they passed NAFTA and they signed nafta, there was not a single representative of labor in the room. And I think that that is a sign of the transformation of the Democratic Party from something that rested upon union power and working class interests to becoming more and more sort of dependent upon its positionality in relationship to urban elites and managerial classes and progressive social positions as opposed to real progressive economic positions.
B (2:03)
In light of that, will they now be able to turn around and claim, in a sense the mantle of vote for us because we're better than Trump? In other words, leaving the American public choosing between one awful and another awful because no blame is attached to them, giving them the right to somehow say we are the proper alternative to Trump.
C (2:31)
I think that's what they will try to do. I mean, that's what the Pelosi wing of the Democratic Party and Schumer and so on will try to do. But I don't think that's going to work, frankly. I don't think why should people listen to them? Because when they had power, they didn't do anything. They did all these other negative things. And so, no, I think people are not going to buy it, which, you know, I mean, frankly, I don't want to have to go to election and say I want Trump versus You know, Democratic Party again, I don't want a Clinton Restoration. It's the last thing in the world I would want.
