With the Capitol in the background, several groups "occupy" Freedom Plaza in Washington, last fall. (AP/Jacquelyn Martin)

Ponderings on the new politics of extremism

"The energies of the new right and the money of big corporations and Wall Street is formidable"


Robert Reich
June 18, 2012 6:42PM (UTC)
This originally appeared on Robert Reich's blog.

Back from several days in Washington. The city still has all the disadvantages of being a one-industry town, with almost everyone working for the government or lobbying the government or reporting on the government or trying to influence the government or litigating on behalf of or against the government. It’s like LA and the entertainment industry, or downtown New York and finance. Everyone is in the same bubble, and every conversation sounds vaguely similar.

The only difference this time is Washington feels under siege, as if marauding bands are closing in on it. Unlike Europe, America doesn’t have feudal traditions that in the last century spun into fascism and communism. Our right and left are much closer to the center than are Europe’s.
But the American right — whose roots are found in Jeffersonian libertarianism and the Jacksonian alliance of small southern farmers and northern white workers — is moving further right, and pulling the Republican Party with it. It’s fueled by economic fears combined with racism, anti-immigrant nativism, and southern white evangelical Christians.

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The puzzle is why Wall Street and corporate America are going along with it when their interests are so different. The new Republican right is anti-Wall Street and protectionist. It doesn’t want to expand immigration. It distrusts big business and opposes the sorts of special tax cuts, subsidies, and big government contracts that big business has thrived on. The Obama administration has been far better to corporate America and Wall Street than the new Republican right would ever be.

I don’t get it, but the alliance between the energies of the new right and the money of big corporations and Wall Street is formidable, and in this early summer of our discontent Washington can already sense the barbarians at the gates.


Robert Reich

Robert B. Reich is Chancellor's Professor of Public Policy at the University of California at Berkeley and Senior Fellow at the Blum Center for Developing Economies. He served as Secretary of Labor in the Clinton administration, for which Time Magazine named him one of the ten most effective cabinet secretaries of the twentieth century. He has written 15 books, including the best sellers "Aftershock", "The Work of Nations," and"Beyond Outrage," and, his most recent, "The Common Good." He is also a founding editor of the American Prospect magazine, chairman of Common Cause, a member of the American Academy of Arts and Sciences, and co-creator of the award-winning documentary, "Inequality For All." He's also co-creator of the Netflix original documentary "Saving Capitalism."

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