1/31/2024 0 Comments David sirota meltdown![]() The first Democratic parable began almost 90 years ago, when America’s economy was ravaged by rampant speculation and then a stock-market crash, throwing tens of millions of people into abject poverty. If insanity is doing the same thing and expecting different results, then Democrats would be crazy to ignore these lessons at this moment of both opportunity and peril. In the latter crisis, the Democratic Party’s refusal to do the same resulted in the political meltdown that fueled the ascent of Donald Trump - and that continues to fuel the MAGA movement today. In the former debacle, the Democratic Party halted a potential meltdown of democratic institutions by delivering real help to millions of people. The way for Democrats to combat that disillusionment is to learn from their party’s history during the Great Depression and the Great Recession. ![]() Such betrayals from both parties have been telling more and more of the country that democracy is a farce. Americans keep voting to change this crushing dystopia and yet they continue being force-fed more of the same - most recently with Democrats threatening to side with their financiers and abandon their whole economic agenda. The answer to the first question can be seen in headlines this week about billionaires growing their fortunes by $2 trillion during the pandemic, and now creating an overheated market for luxury yachts, all while one in five households just lost their entire life savings. Torn between their corporate donors and the electorate, they are studiously avoiding the two key questions: What is really fueling this crisis? And how can it be stopped? Conflict-averse Democrats in Washington, D.C., are on the verge of letting this turn into a full-fledged nightmare. Capitol and Republicans’ intensifying crusade to limit voting rights and deny election results make that abundantly clear. Īmerican democracy is in the midst of a meltdown - the Jan. This essay is being published in conjunction with the launch of Meltdown - a new eight-episode Audible series that debuts on Oct.
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