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Defying the Odds

Defying the Odds
New book about the 2016 election.

Wednesday, July 13, 2016

Democrats Head Left

William Galston writes at The Wall Street Journal:
The party that Hillary Clinton will lead into battle this fall is not Bill Clinton’s Democratic Party. In important respects it is not even Barack Obama’s Democratic Party. It is a party animated by the frustrations of the Obama years and reshaped by waves of economic and social activism.
Not surprisingly, the document endorses a range of Hillary Clinton’s campaign proposals ...
Neither is it surprising that the draft incorporates some of Bernie Sanders’s key proposals—most notably, a $15 per hour minimum wage—and that it doesn’t take sides on issues that divided the party, such as the Trans-Pacific Partnership trade agreement and a broad tax on financial transactions, where neither side would give way.
In other respects, however, the draft is truly remarkable—for example, its near-silence on economic growth. The uninformed reader would not learn that the pace of recovery from the Great Recession has been anemic by postwar standards, or that productivity gains have slowed to a crawl over the past five years, or that firms have been reluctant to invest in new productive capacity. Rather, the platform draft’s core narrative is inequality, the injustice that inequality entails, and the need to rectify it through redistribution.