Progressive Politics After the Crash by Olaf Cramme;Patrick Diamond;Michael McTernan;

Author:Olaf Cramme;Patrick Diamond;Michael McTernan; [Olaf Cramme, Patrick Diamond and Michael McTernan]
Language: eng
Format: epub
Publisher: Bloomsbury UK

Rebuilding the Organisational Foundations of Democratic Capitalism

This diagnosis is both encouraging and challenging. It is encouraging because there is nothing natural about the harsh divisions that have arisen in the US. They are rooted in politics and policy, not the inexorable forces of globalisation or technological change. In many cases, moreover, they require not major programmes of redistribution – never easy to enact – but measures to reshape the market so that it distributes its rewards more broadly in the first place.

The challenge, however, is that reforms to tackle middle-class strains will require using a broken political system to fix a broken political system: the main obstacle to change and the main vehicle for change are one and the same. This Catch-22 affords no easy resolution. But it does suggest where reformers’ energies should be directed, and it points to opportunities that are too often missed by those narrowly focused on rhetorical messages and strategic moves.

Perhaps the most important implication is that those seeking to achieve a new governing economic philosophy will have to rebuild the organisational foundations of democratic capitalism. An inspiring economic vision will be grounded in an institutional blueprint for using active democratic government to meet the challenges facing American society – challenges that are increasingly facing America’s great ally across the Atlantic.

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