I have been watching the gradual, then sudden, dissolution of a political party. My parents were Democrats. They were shocked when they learned I had voted for Richard Nixon in 1960. Jimmy Carter was a failure as a President but I wasn’t really worried about the country when he was in office. His actions with Iran and the Panama Canal were harmful but they were a matter of policy. Ronald Reagan, not a governor I was fond of in California, was a successful president. He was able to work with the Democrat Party in spite of some far left loonies like Chris Dodd. Many of the far left members of the Democrat Party favored communists like the Sandinistas but they were kept in line by the old pols to whom graft and spending were more important. Tip O’Neill would let Reagan win the Cold War as long as Reagan let the Democrat Congress run up the deficit.
Bill Clinton changed much of this dynamic in two ways. First, he was a lot more ideological than previous presidents and second he was incompetent at it. Clinton is a very smart man but his wife, Hillary, was far too obvious in her corruption. First the 900 FBI files, then the White House Travel Office. Both were scandals that primed him for a big loss.
Then the 1994 elections turned the Congress over to the Republicans and we learned how little they were interested in Conservatism. They accomplished nothing before being ousted by Democrats in 2006. This, of course, was followed by the housing and mortgage collapse of 2008. There was some attempt by Bush administration officials to rein in Congress and the debt explosion but it was probably too late anyway. The 2008 election placed Congress in Democrats’ hands for the first time with a Democrat president since 1974. Clinton’s two years did not result in much happening. Then first Obama Congress spent like drunken sailors but were quickly reined in in 2010.
What might happen if Biden won the presidency and the Democrats got a majority in the Congress ?
In the past until now, there was zero chance that the hard Left would ever win an American election. No socialist has ever come close. Even Bernie Sanders accepted that the Democratic establishment for six years broke rules, leveraged candidates to drop out, and warped the media to ensure that he would remain a septuagenarian blowhard railing at the wind from one of his three houses. George McGovern was buried by a landslide. Most Democrats, after Kennedy and until Obama, never won the popular vote unless possessed of a Southern-accented hinting at centrism.
Only the Great Depression and World War II ensured four terms of FDR, who still knew enough not to let his house socialists ruin the wartime U.S. economy.
But in perfect storm and black swan fashion, the coronavirus, the lockdown, the riots, anarchy and looting, all combined with Trump Derangement Syndrome to be weaponized by the Left—and the media far more successfully than with their failed pro forma, legalistic efforts with Robert Mueller and impeachment to destroy the Trump presidency—have pushed socialism along.
I thought Obama was an empty suit. Biden is an empty head.
Who is behind all this and why ?
Why would any socialist go after the sympathetic mega-funders of the Washington Post, the Atlantic, Google or Apple News, Twitter, or Vox?
Left-wing billionaires are not so strange as we might think. After all, they can afford to be socialists. They like the idea that fewer may follow in their footsteps. They think social activism offers them penance for their hard-driving acquisitiveness. Most of all, they feel their knack for making money is proof that they have the wisdom, the right, and the need to redirect the lives of less successful others—and for the good of all.
Otherwise, the plutocratic class will spend hundreds of millions—a proverbial drop in the bucket in their fortunes—to consult with lawmakers about how to avoid their own progressive legislation and policies. It will hire phalanxes of tax lawyers, trust evaders, and philanthropy scammers that will make the architects of the Clinton Foundation seem a poor joke.
The real enemy in 2021 would be the upper-middle-class as it always is, the kulaks—and not really the professionals such as the lawyers, media grandees, and professors—although many should expect to become collateral damage.
I tend to agree with this analysis. There is a small club of super rich right now who seem determined to rule the rest of us. Why ? I think it is the arrogance of those who think they are much smarter than the vast majority. Some of this is true but there is also a tendency for those well informed in one field to assume they are equally well informed in others. They may also assume that knowledge in one area is more important than another. A nuclear physicist may not know how to change a tire or to install a new garbage disposal. We used to laugh at absent minded professors but those absent minded individuals may have the power of life and death over others who will be afraid to laugh.
Democrats who might have been wary of the promises of Socialists and impractical dreamers before seem to think that a faceless, nameless bureaucracy will run things efficiently in spite of extreme policies offered as the rationale for governing.
I would not be so sure of that.
The principal–agent problem, in political science and economics, (also known as agency dilemma or the agency problem) occurs when one person or entity (the “agent”) is able to make decisions on behalf of, or that impact, another person or entity: the “principal”.[1] This dilemma exists in circumstances where agents are motivated to act in their own best interests, which are contrary to those of their principals, and is an example of moral hazard.
The Founders were well aware of this problem and tried to protect the citizens with certain provisions of the Constitution.
No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.
