Home > American Racket. Debt Deregulation, Bubbles, Bailouts and GoldplatedLies > The Left Right Paradigm is Over: Its You vs. Corporations

The Left Right Paradigm is Over: Its You vs. Corporations

An excellent post from the BigPicture site.  The truth of it has really come home to me over the past two years. “Change we can believe in” was the mantra of the Obama campaign but when you take a look at who his cabinet is composed of and the policies he has enacted it seems like a hollow pledge.

By Barry Ritholtz – September 27th, 2010, 9:30AM

Every generation or so, a major secular shift takes place that shakes up the existing paradigm. It happens in industry, finance, literature, sports, manufacturing, technology, entertainment, travel, communication, etc.

I would like to discuss the paradigm shift that is occurring in politics.

For a long time, American politics has been defined by a Left/Right dynamic. It was Liberals versus Conservatives on a variety of issues. Pro-Life versus Pro-Choice, Tax Cuts vs. More Spending, Pro-War vs Peaceniks, Environmental Protections vs. Economic Growth, Pro-Union vs. Union-Free, Gay Marriage vs. Family Values, School Choice vs. Public Schools, Regulation vs. Free Markets.

The new dynamic, however, has moved past the old Left Right paradigm. We now live in an era defined by increasing Corporate influence and authority over the individual. These two “interest groups” – I can barely suppress snorting derisively over that phrase – have been on a headlong collision course for decades, which came to a head with the financial collapse and bailouts. Where there is massive concentrations of wealth and influence, there will be abuse of power.  The Individual has been supplanted in the political process nearly entirely by corporate money, legislative influence, campaign contributions, even free speech rights.”

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