Last night my wife asked me a question: What's with the House Republicans? Aren't they a Wall Street party? Why aren't they doing along with the deal?
Which led me to do some thinking: Are the Democrats now the Wall Street party? Given the level of political donations, and the similarity in thinking (government subsidies, and regulation, which contrary to popular opinion, is a favorite activity of big finance), Wall Street and the Democrats are a natural match.
Which also led me to dig out a good book I read on Stephen Harper and the rise of the conservatives in Canada. It's a couple of years old, but well worth the read (Right Side Up, by Paul Wells, 2006).
There was a fascinating passage in it, which is probably obvious to most readers of this website, but hit me. It's a lengthy quote, but bear with it, as it's worth it.
Quote:
What was the alternative? [i.e. as Harper was trying to put together a conservative coalition] A mostly economic conservatism "a modern Canadian version of the Thatcher-Reagan phenomenon." The basis of Reform's message should be the private-sector urban middle-class, and the core of its message should be free markets and low taxes. The party should "tailor its broader, 'social' agenda to gain a sizeable chunk of the urban working class and rural sector 'swing' vote, without alienating its urban private sector middle-class 'core.' The key is to emphasize moderate, conservative social values consistent with the traditional family, the market economy, and patriotism."
...The second interesting thing is Harper's insight into the nature of that core audience. Flanagan, paraphrasing Harper, says it would be stitched together from "those parts of the urban middle class, urban working class, and rural population that can agree on an agenda of market economics and traditional values." Compared to traditional conservatism, this version would be substantially down-market. (emphasis mine.)
"The older model of a conservative party based largely on the middle and upper classes is no longer viable," Flanagan writes, "because so much of the urban middle class (for example, teachers, nurses, social workers, public-sector administrators) is now part of the 'new class,' or 'knowledge class,' as it is sometimes called, and is thus a political class dependent on tax-supported government programs. Political coalitions now divide less along class lines than on the question of public-sector dependence."
All in all, an interesting take to me, though probably old hat to many on this site. And one that sheds a little light on where the GOP in this country should try going.
...But to a great extent the ends of his political action are already visible here: to build a broad coalition aimed not at swells, fat cats, and less-affluent voters who nonetheless depend on assorted grants and subsidies, but at a lunch-bucket crowd of cabbies, skilled tradesmen, young families, and modest entrepreneurs.
Thanks for having this website.
Tim Wright