[lbo-talk] Dems & the proletariat

[Yoshie Furuhashi]

On 10/6/06, Doug Henwood <dhenwood at panix.com> wrote:
>
> On Oct 6, 2006, at 5:21 PM, Yoshie Furuhashi wrote:
>
> >> As I've pointed out many times before, by almost any measure
> >> (employment, wages, GDP, stock market), the economy has done better
> >> under Dem presidents than Rep ones since WW2. The only exception is
> >> that Reps are better for disinflation and the bond market.
> >
> > What if we compared them since the mid-1970s?  After all, 1945-1973
> > and 1974-Present belong to different eras of accumulation.  How do
> > Democrats and Republicans compare in the neoliberal era?
>
> 1973 wasn't yet the neoliberal era - it was the beginning of the
> terminal crisis of the Keynesian system. The neolib era really begins
> with Volcker and Reagan in the US.

IMHO, neoliberalism as a set of policies began in the 1970s, and Jimmy
Carter, with his deregulation, appointment of Paul Volcker, etc., was
the first POTUS to begin to put it into practice here.


> the four neolib presidents -
> Reagan, Bush I, Clinton, Bush II

Besides, if you exclude Carter, it looks like the Democratic Party
seldom wins the White House in the neoliberal era.

-- 
Yoshie
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