The rise of the Democratic left, personified by Sen. Bernie Sanders (I-VT) and Rep. Alexandria Ocasio-Cortez (D-NY), has raised a serious question: Should Democrats lean away from market-friendly stances and get comfortable with big government again? Should they embrace an ambitious 2020 candidate like Sanders and policies like the Green New Deal, or stick with incrementalists like former Vice President Joe Biden and more market-oriented ideas like Obamacare?
One of the most interesting takes I’ve seen on this debate came from Brad DeLong, an economist at the University of California-Berkeley. DeLong, who served as deputy assistant secretary of the Treasury for economic policy in the Clinton administration, who is one of the market-friendly, “neoliberal” Democrats who have dominated the party for the last 20 years. The term he uses for himself is “Rubin Democrat” — referring to followers of finance industry-friendly Clinton Treasury Secretary Robert Rubin.
Yet DeLong believes that the time of people like him running the Democratic Party has passed. “The baton rightly passes to our colleagues on our left,” DeLong wrote. “We are still here, but it is not our time to lead.”
From this article, I found a pointer to Brad Longs’ 28 Tweets. Twitter has such a wonderful litterary platform that he had to break it up into 28 pieces. I still can’t figure out why people like Twitter so much.
I think it is fair to say that the already-broken American political public sphere has become significantly more broken since November 8, 2018.
On the center and to the left, those like me in what used to proudly call itself the Rubin Wing of the Democratic Party—so-called 1/
I first found out about this from the piece on Naked Capitalism – Bill Black Analyzes Brad DeLong’s Stunning Concession: Neoliberals Should Pass the Baton and Let the Left Lead.
Jerri-Lynn here. The times they are a’changin. In this Real News network interview, Bill Black analyzes Brad DeLong’s stunning concession that neoliberals should get out of the way and let the left lead since their coalition with Republicans did not work.
Here is The Real News Network video Clinton-Era Official Says Left Should Lead Following Center-Right Failures.