> Big capital thus still needs parties like the Democrats
> in the US or New Labour in Great Britain to get portions
> of their neoliberal program enacted, precisely because
> the right cannot, on its own, mobilize popular support
> for such a program. Big capital needs the Democrats
> in the US or Labour in the UK to convince the general
> public that it's necessary to save the welfare state
> by destroying it.
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By this logic, shouldn't the capitalists have turned to Democratic and
Labour politicians like Mondale, Dukakis, and Michael Foot as instruments of
their post-70s offensive to privatize and deregulate the welfare state
rather than to Republicans and Conservatives like Reagan and Thatcher?
Shouldn't Wall Street have supported Kerry over Bush as the better bet to
privatize social security and defend the tax cuts for the rich, as well as
to push other items on the corporate legislative and regulatory agenda?