Greetings Economists,
I can't see LP's comments as in the ball park. There are two obvious
things happening, first the flow against racism in electing Obama is a
definite left drift. Palin can't represent that nor any of like
elements in the republicans.
Secondly, the bad economy discredits neo-liberal economics.
In light of those facts, it is inconceivable that a shift right can
happen in the U.S. back to failed policies. The real question is what
happens to the war machine as the economy declines? I would expect
that the wars don't go well because the global economy won't permit a
good resolution for U.S. hegemonic power. A right shift might emerge
in trying to address threats from the outside U.S. hegemonic power.
Mainly in the sense that a hegemonic shift invites new options for the
power.
I welcome Obama going to the right center. This offers the same
prospects as did Bush to push things left in the U.S. The working
class freed of racist illusions is much more likely to unite behind
their interests. This uniting is likely to scare the right and
polarize the U.S., but in a wholly new context.
thanks,
Doyle Saylor
On Nov 22, 2008, at 9:18 AM, Michael Perelman wrote:
I was half rooting for Bush to win following the same logic as Lou,
worrying that a Gore or Kerry victory would set off the same
response from
the Dems. that Lou predicts as a response to Obama. I was hoping
against
hope that the idiocy of the Repubs would set off some sort of
reaction in
the streets or even perhaps among the Dems' imaginary grass roots.
Damn it Lou, I hope that you are wrong, even though ....
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