Connecting dots...
Joel Kotkin and Fred Siegel:

...It's not driven by the lunch-pail concerns of those workers struggling to make it in an increasingly high-tech, information-based, outsourcing U.S. economy -- though it does pay lip service to them.

Rather, gentry liberalism reflects the interests and values of the affluent winners in the era of globalization and the beneficiaries of the "financialization" of the economy. Its strongholds are the tony neighborhoods and luxurious suburbs in and around New York, Washington, Boston, San Francisco and West Los Angeles...

Chiefly drawing on Wall Street, Hollywood and the Silicon Valley, this year's Democratic presidential candidates have raised 70% more money than their GOP counterparts, according to the Wall Street Journal. The securities industry, which awarded Republicans 58% of their campaign dollars in 1956, gave the GOP only 45% in 2006. In the newest sectors of the securities industry, most notably hedge funds, Democrats are favored. This year, hedge fund managers have given 77% of their contributions to Democrats in congressional races, reported the Journal.

So, the Democratic Party — the party of the working class — is broadcasting tonight’s debate from an elitist network run by billionaire Mark Cuban that requires expensive equipment and high monthly charges to access.

What’s up with that? Is this a signal that despite the egalitarian rhetoric, that they’re actually the party of the rich and famous? Imagine the outcry if the GOP broadcast its debate from fancy network that ordinary people couldn’t access. There’d be cries that the Republicans were in a “gated community.”

Posted by: Old Grouch in In Passing at 18:56:42 GMT | No Comments | Add Comment
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