Markets are interested in profits and profits only; service, quality, and general affluence are different functions altogether. The universal, democratic prosperity that Americans now look back to with such nostalgia was achieved only by a colossal reigning in of markets, by the gargantuan effort of mass, popular organizations like labor unions and of the people themselves, working through a series of democratically elected governments not daunted by the myths of the market.
[The right] may never bring prayer back to schools, but it has rescued all manner of rightwing economic nostrums from history's dustbins. Having rolled back the landmark economic reforms of the sixties (the war on poverty) and those of the thirties (labor law, agricultural price supports, banking regulation), its leaders now turn their guns on the accomplishments of the earliest years of progressivism (Woodrow Wilson's estate tax; Theodore Roosevelt's anti-trust measures). With a little more effort, the backlash may well repeal the entire twentieth century.
They, the conservatives, are the real outsides, they tell us, gazing with disgust upon the ludicrous manners of the high and mighty. Or, they tell us, they are rough-and-ready proles, laughing along with us at the efforts of our social "betters" to reform and improve us. That they are often, in fact, people of privilege doing their utmost to boost the fortunes of a political party that is the traditional tool of the privileged is a contradiction that does not trouble them.
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