Billmon, who used to run the fine blog Whiskey Bar, lives on in Twitter. Here's his eight-tweet analysis of the US prez race:
GOP base moving left on econ issues; Dem establishment badly wants to keep moving right to capture up-scale GOP "moderates."
1) In the old days, this wouldn't have been a problem — parties weren't so ideological in the first place:
2) But that was before the "big sort" of '80s & '90s, which pushed both parties towards ideological polarization.
3) But while the "big sort" grouped like-minded partisans — largely on cultural values — it also introduced deep class contradictions.
4) In economic good times (90s, mid 00s), class contradictions not unmanageable, party elites drive partisan agendas.
5) But economic stress, growing backlash against globalization produces fresh ideological strains the existing partisan divide can't handle.
6) Both duopoly parties seek ways to contain these fresh divisions in their own ranks, while trying to exploit them in the other party's.
7) But in the process they only heighten their internal class contradictions & introduce fresh incoherence in a system that is unraveling.