Thomas Frank
Thomas Frank
Thomas Carr Frankis an American political analyst, historian, journalist, and columnist for Harper's Magazine. He wrote "The Tilting Yard" column in the Wall Street Journal from 2008 to 2010, and he co-founded and edited The Baffler. He has written several books, most notably What's the Matter with Kansas?...
NationalityAmerican
ProfessionAuthor
CountryUnited States of America
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There is much to dislike about President Obama's approach to the financial crisis. But opposition, it seems, will have to come from somewhere other than conservatism. The party out of power is also a party out of touch.
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It is always a disappointment to turn from forthright consideration of some subject - whether from the Left or the Right, a poet or a plumber - to the Beltway version, in which the only aspects of the issue that matter are the effects it will have on the fortunes of the two parties and the various men in power.
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They, the conservatives, are the real outsides, they tell us, gazing with disgust upon the ludicrous manners of the high and mighty. Or, they tell us, they are rough-and-ready proles, laughing along with us at the efforts of our social "betters" to reform and improve us. That they are often, in fact, people of privilege doing their utmost to boost the fortunes of a political party that is the traditional tool of the privileged is a contradiction that does not trouble them.
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The great goal of the backlash is to nurture a cultural class war, and the first step in doing so, as we have seen, is to deny the economic basis of social class. After all, you can hardly deride liberals as society's "elite" or present the GOP as the party of the common man if you acknowledge the existence of the corporate world the power that creates the nation's real elite, that dominates its real class system, and that wields the Republican Party as its personal political system.
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What is at stake in the debate over health care is more than the mere crafting of policy. The issue is now the identity of the Democratic Party.
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The public is becoming more engaged with this project as each new phase starts. We hope to address the very real concerns people have.
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These sensibilities are old, 19th century, republican ideals. That attitude has pretty much gone away. I've been reading muckraking books from the 1930s, when there was still this intense hatred and fear of monopolies - especially newspaper chains.
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People understand how, with the concentration of ownership, the things that make up their lives are increasingly under the control of fewer and fewer hands. We see a great, popular demonology of corporate villains that especially tends to focus on the leaders of the culture industry, such as Rupert Murdoch, who is a very widely hated figure.
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Our current way of regulating the financial system is dysfunctional. Oversight is dispersed among numerous confusing bodies that at times have seemed to be racing each other to the bottom. Setting up One Big Regulator would end that problem.
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As it happens, Chicago is the nation's leader in municipal privatization efforts. That's right: The city that conservatives portray as the citadel of the power-grabbing, government-growing left has been selling itself off in pieces for years. It signed a 99-year lease for the Chicago Skyway, a toll road in the city's South Side, back in 2005.
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We the people say it loud and clear every Election Day, in high-crime periods as well as peaceful stretches - More of our population needs to be behind bars.
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Former President Bill Clinton, who is widely regarded as a political mastermind, may have sounded like a traditional liberal at the beginning of his term in office. But what ultimately defined his presidency was his amazing pliability on matters of principle.
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I always want to keep returning, in my writing and in my thinking, to the fundamental core fact of our society's exploitative structure. It doesn't matter how wonderful the stock market is doing, or whether we entered a new realm with the rising tide of capital lifting all boats. For the vast majority of all people, it's not that wonderful.
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Selling public property is the true Chicago way. Had Mr. Obama not been elected president, the nation's business journals would be falling over one another to praise his city for its daring, market-friendly innovations.