Saturday, September 16, 2017

corn cob fail: Drum, DeLong, PGL

Should-Read: Keven Drum: Here's Why I Never Warmed Up to Bernie Sanders: "As Bill Scher points out, the revolution that Bernie called for didn't show up...

...In fact, it's worse than that: we were never going to get a revolution, and Bernie knew it all along. Think about it: has there ever been an economic revolution in the United States? Stretching things a bit, I can think of two: (1) The destruction of the Southern slave economy following the Civil War. (2) The New Deal. The first of these was 50+ years in the making and, in the end, required a bloody, four-year war to bring to a conclusion. The second happened only after an utter collapse of the economy... unemployment at 25 percent....

We're light years away from that right now. Unemployment? Yes, two or three percent of the working-age population has dropped out of the labor force, but the headline unemployment rate is 5 percent. Wages? They've been stagnant since the turn of the century, but the average family still makes close to 30,000, only 27 percent are dissatisfied with their personal lives. Like it or not, you don't build a revolution on top of an economy like this. Period. If you want to get anything done, you're going to have to do it the old-fashioned way: through the slow boring of hard wood.

Why do I care about this? Because if you want to make a difference in this country, you need to be prepared for a very long, very frustrating slog.... There's a decent chance that Bernie's failure will result in a net increase of cynicism about politics, and that's the last thing we need. I hate the idea that we might lose even a few talented future leaders because they fell for Bernie's spiel and then got discouraged when it didn't pan out.... If you don't want your followers to give up in disgust, your inspiration needs to be in the service of goals that are at least attainable. By offering a chimera instead, Bernie has done the progressive movement no favors...


pgl said...

Sanders lost me when he derided "establishment" economists. I do not trust any politician that picks adviser that only tell him what he wants to hear.

Reply September 11, 2017 at 05:36 AM

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