MICHAEL HUDSON—History has been rewritten almost daily this week, almost immediately as it occurs. A Wall Street Journal editorial on November 4 spun its view of what is at issue for the Democratic Party: “Voters warn Democrats to walk away from the Sanders-Pelosi agenda.” The Democrats’ own leadership quickly agreed with this take, playing the blame game against the Progressive Caucus for insisting on economic reforms that opinion polls have reported are precisely what voters say they want.
But these are not the policies that the party’s major donors want. What really is at issue is just whom the Democratic Party (and their duopoly partners the Republicans too, of course) supports: corporate lobbyists and the Donor Class, or wage-earning voters seeking economic policies that benefit them as employees, consumers and debtors.