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One Question
Bernie Sanders

One Question
Bernie Sanders

One Question is a monthly series in which we ask leading thinkers to give a brief answer to a single question.

This month we ask:

Should the American Left unite behind Bernie Sanders?

With responses from: Doug Henwood; Judith Butler; Charlie Post; Bill Fletcher Jr; Zillah Eisenstein; Eric Mann; Lester Spence; Marina Sitrin; Eric Blanc; Juan Cruz Ferre; Eljeer Hawkins; John Bachtell; Rand Wilson and Peter Olney.

Bernie Sanders

Doug Henwood

Can we go mostly out for Bernie Sanders instead of all?

I completely understand the temptation to put all our eggs in the Bernie basket. With his 2016 campaign, he almost single-handedly introduced a seriously social democratic programme into American political discourse, and even made the word ‘socialism’ charming, no mean feat in this reactionary political culture. He inspired thousands of mostly young people to enter politics and caused the membership of the formerly moribund Democratic Socialists of America to soar. He forced mainstream Democrats to admit just how wedded to the corporate agenda they are.

Without his candidacy, Alexandria Ocasio-Cortez – who was largely responsible for getting people to talk about a Green New Deal and a top tax rate of 70% almost overnight – wouldn’t be in Congress, neither would her colleagues Ilhan Omar and Rashida Tlaib. Ditto many fresh faces in state legislatures. Thanks to all these campaigns, there’s a serious left campaign infrastructure operating across the US – not merely around elections, but a variety of issues, from housing to wages to police brutality. For someone who matured in politics like me, when a meeting of the Left consisted of seven weirdos in a ramshackle space, the transformation feels other-worldly.

So, I completely understand the draw of trying to do it again. A second Sanders campaign could bring even more people into left politics, deepen the organising infrastructure for the future, and offer rich opportunities for political education. All true. But it still worries me.

It worries me for several reasons. One is that there’s a bit of a repetition compulsion about it – the Bernie campaign worked so well last time, why won’t it again? But things are quite different this time. He’s not coming out of nowhere, surprising an unprepared establishment. He’s running against a small army of other candidates, not just one who was a perfect symbol of a discredited status quo. Were he by some fluke to win, he would face a hostile Congress and ruling elite, who would frustrate him at every turn. It might be better to build strength from below, in city councils and state legislatures, and maybe even a governorship or two, before scaling the summit. It feels like people on the Left are looking to Sanders as some sort of magic, almost redemptive figure.

Which isn’t to say one shouldn’t work on Bernie’s behalf. It is to say, keep some powder dry. READ MORE

One Question
Economic Crash

One Question
Economic Crash

One Question is a monthly series in which we ask leading thinkers to give a brief answer to a single question.

This month, we ask:

Are we heading for another economic crash?

Economic Crash

Wolfgang Streeck

I’m not a prophet. But there is no capitalism without the occasional crash, so if you will we are always heading for one. Inflation in the 1970s was ended by a return to ‘sound money’ in 1980, which begot deindustrialization and high unemployment, which together with tax cuts for the rich begot high public debt. When public debt became too high, fiscal consolidation in the 1990s had to be compensated, for macro-economic as well as political reasons, by capital market deregulation and private household debt, which begot the crash of 2008.

Now, almost a decade later, public debt is higher than ever, so is private debt; the global money volume has been steadily increasing for decades now; and the central banks are producing money as though there was no tomorrow, by buying up all sorts of debt with cash made ‘out of thin air’, which is called Quantitative Easing. While everybody knows that this cannot go on forever, nobody knows how to end it – same with public and private debt, same with the money supply. Something is going to happen, presumably soon, and it is not going to be pleasant. READ MORE