This Sums it Up

While reading the comments to David Brooks’ op-ed in the NYT today, I came across this one from a Charles from NYC which just about sums things up:

Charles New York, NY 19 hours ago

I find it fascinating that Elizabeth Warren is always held up as the exemplar of the “far-left” of the Democratic Party. The policies Senator Warren advocates are consistent with mainstream American public policy from the inauguration of Franklin Roosevelt in 1933 to the inauguration of Ronald Reagan in 1981. That half-century of our history was marked by very high marginal tax rates on the wealthy, rigorous government oversight of financial markets and corporate governance, protection of American manufacturing, the creation of robust social safety nets for working people, and a labor force that was one-third unionized. It is no coincidence that the era also saw the rise of the great American Middle Class and a significant reduction in income inequality.

The irony is that conservative politicians are among the first to look back upon these decades as a “golden age” in America while at the same time attacking the policies that made that age possible. It is also no coincidence that the center-right economic policies that Mr. Brooks is so enamored of have led to the destruction of the Middle Class, the return of soaring income inequality, and the rise of the new Plutocracy. The sole reason that many Americans believe that Senator Warren’s ideas are radical is because people like Mr. Brooks keep calling them that. It is time we stopped believing the labels and started remembering how progressive economic policies have worked for the majority of the American people.

How we have swung to the right! Will we ever swing back to mainstream American public policy as it used to be? Not unless we have a major uprising in this country, which seems unlikely given the way the media is controlled and congress has been gerrymandered.

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