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Matt Stoller @matthewstoller
, 5 tweets, 1 min read Read on Twitter
This article is part of a long line of arguments reflecting a weird adherence to the liberal version of original sin. If you cannot explain why Trump-like candidates are ascending all over the world, then your study is junk. vox.com/policy-and-pol…
Liberals love hearing that Trump won solely because of racism, which is an immutable unlearnable object of sin. This absolves them of any need to be introspective about the catastrophic failure of Democratic policy or the need to consider how America is part of global trends.
There was a financial crisis that started in 2006 and ricocheted all over the world for eight years or so until 2014. It laid bare all the illusions of power we have told ourselves globally. If you cannot incorporate this into your political framework your framework is junk.
Racism is obviously a huge part of our society. I don't think there's a need to prove this, it's so transparently true. It's also the case that you can't say this and have it acknowledged in good faith, because the point of these arguments is to say that finance doesn't matter.
My theory is simple. Global financial crisis plus global monopolies lead to similar political consequences in every country around the globe. It doesn't downplay racism or ethnic chauvinism, but it incorporates the institutions that structure our lives, aka corporations.
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