It’s about how Democratic Party elites abandoned the working-class over the past four decades while enriching financial elites, promoting runaway inequality, and tolerating a tsunami of mass layoffs. The Democrats assumed the working class had nowhere else to go. They were wrong!
By Les Leopold
Nov 06, 2024
I feel like I’ve been in a brawl, a massive street fight where the punches are words and concepts instead of fists. I got clobbered while trying as hard a possible to warn the Democrats that they are losing the working class and that they absolutely must change course.
It should have been obvious that the Democrats could not cuddle up to Wall Street and then pretend that the “opportunity society” would help working people emerge from 40 years of mass layoffs and stagnant wages. It was so clear that the Democrats would be viewed as members and defenders of the elite establishment that rules over both the economy and government, and that Trump would be seen as the disrupter—the friend of the working class.
It really hurts to have called this one. I so wanted to be wrong.
Exactly how the Democratic Party lost the working class is described in my book, Wall Street’s War on Workers: How Mass Layoffs and Greed Destroyed the Working Class and What to do about it.
It’s about how Democratic Party elites abandoned the working-class over the past four decades while enriching financial elites, promoting runaway inequality, and tolerating a tsunami of mass layoffs.
The book provides original research that shows how the Democratic Party vote declined in the Blue Wall counties of Pennsylvania, Michigan, and Wisconsin as the mass layoff rate increased. The Democrats—once the party of the working class—were blamed for the economic and social destruction that followed. They earned it by doing nothing to stop mass layoffs whose sole purpose was to enrich CEOs and their Wall Street partners.
The book also refutes the widely shared notion about the “deplorable” white working class. It provides conclusive data that shows these workers actually have become more liberal, not illiberal, on divisive social issues over the past several decades.
The Democrats assumed the working class had nowhere else to go. They were wrong!
Actually, the book should be retitled: Wall Street’s War on Workers and How the Democrats Enabled It.
It’s time to end this sad chapter in U.S. history when the Democratic Party leaders refuse to be genuine allies for workers and the Republican Party is rewarded for pretending to be.
Les Leopold is the executive director of the Labor Institute and author of the new book, “Wall Street’s War on Workers: How Mass Layoffs and Greed Are Destroying the Working Class and What to Do About It.“ (2024).
This article is republished from Common Dreams under a Creative Commons license.
Read the original article.