EconoMonitor

The Rise of the Regressive Right and the Reawakening of America

A fundamental war has been waged in this nation since its founding, between progressive forces pushing us forward and regressive forces pulling us backward.

We are going to battle once again.

 

Progressives believe in openness, equal opportunity, and tolerance. Progressives assume we’re all in it together: We all benefit from public investments in schools and health care and infrastructure. And we all do better with strong safety nets, reasonable constraints on Wall Street and big business, and a truly progressive tax system. Progressives worry when the rich and privileged become powerful enough to undermine democracy.

Regressives take the opposite positions.

Eric Cantor, Paul Ryan, Rick Perry, Michele Bachmann and the other tribunes of today’s Republican right aren’t really conservatives. Their goal isn’t to conserve what we have. It’s to take us backwards.

They’d like to return to the 1920s — before Social Security, unemployment insurance, labor laws, the minimum wage, Medicare and Medicaid, worker safety laws, the Environmental Protection Act, the Glass-Steagall Act, the Securities and Exchange Act, and the Voting Rights Act.

In the 1920s Wall Street was unfettered, the rich grew far richer and everyone else went deep into debt, and the nation closed its doors to immigrants.

Rather than conserve the economy, these regressives want to resurrect the classical economics of the 1920s — the view that economic downturns are best addressed by doing nothing until the “rot” is purged out of the system (as Andrew Mellon, Herbert Hoover’s Treasury Secretary, so decorously put it).

In truth, if they had their way we’d be back in the late nineteenth century — before the federal income tax, antitrust laws, the pure food and drug act, and the Federal Reserve. A time when robber barons — railroad, financial, and oil titans — ran the country. A time of wrenching squalor for the many and mind-numbing wealth for the few.

Listen carefully to today’s Republican right and you hear the same Social Darwinism Americans were fed more than a century ago to justify the brazen inequality of the Gilded Age:  Survival of the fittest. Don’t help the poor or unemployed or anyone who’s fallen on bad times, they say, because this only encourages laziness. America will be strong only if we reward the rich and punish the needy.

The regressive right has slowly consolidated power over the last three decades as income and wealth have concentrated at the top. In the late 1970s the richest 1 percent of Americans received 9 percent of total income and held 18 percent of the nation’s wealth; by 2007, they had more than 23 percent of total income and 35 percent of America’s wealth. CEOs of the 1970s were paid 40 times the average worker’s wage; now CEOs receive 300 times the typical workers’ wage.

This concentration of income and wealth has generated the political heft to deregulate Wall Street and halve top tax rates. It has bankrolled the so-called Tea Party movement, and captured the House of Representatives and many state governments. Through a sequence of presidential appointments it has also overtaken the Supreme Court.

Scalia, Alito, Thomas, and Roberts (and, all too often, Kennedy) claim they’re conservative jurists. But they’re judicial activists bent on overturning seventy-five years of jurisprudence by resurrecting states’ rights, treating the 2nd Amendment as if America still relied on  local militias, narrowing the Commerce Clause, and calling money speech and corporations people.

Yet the great arc of American history reveals an unmistakable pattern. Whenever privilege and power conspire to pull us backward, the nation eventually rallies and moves forward. Sometimes it takes an economic shock like the bursting of a giant speculative bubble; sometimes we just reach a tipping point where the frustrations of average Americans turn into action.

Look at the Progressive reforms between 1900 and 1916; the New Deal of the 1930s; the Civil Rights struggle of the 1950s and 1960s; the widening opportunities for women, minorities, people with disabilities, and gays; and the environmental reforms of the 1970s.

In each of these eras, regressive forces reignited the progressive ideals on which America is built. The result was fundamental reform.

Perhaps this is what’s beginning to happen again across America.

This post originally appeared at Robert Reich’s Blog and is reproduced with permission.

10 Responses to “The Rise of the Regressive Right and the Reawakening of America”

Jeep WagoneerOctober 17th, 2011 at 10:15 am

Hey! I’m at work surfing around your blog from my new iphone 4! Just wanted to say I love reading your blog and look forward to all your posts! Keep up the great work!

Exxon stockOctober 19th, 2011 at 5:20 pm

This is very interesting, You’re a very skilled blogger. I have joined your rss feed and look forward to seeking more of your magnificent post. Also, I’ve shared your site in my social networks!

Lorri HeungOctober 22nd, 2011 at 11:56 pm

How to do a resume for a job is on the minds of many people. Resume creation is something that is very important and intimidating to many people.
Learning how to do a resume is something that anyone can do. But few people really understand how to do a resume and cover letter that works for them in their job hunt.

פסיכיאטרOctober 24th, 2011 at 1:09 am

Wow that was odd. I just wrote an extremely long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say excellent blog!

Refugio GilstrapOctober 24th, 2011 at 11:20 pm

I should say, youve got one with the best blogs Ive seen in a long time. What I wouldnt give to have the ability to make a blog thats as fascinating as this. I guess Ill just have to maintain reading yours and hope that 1 day I can write on a subject with as substantially understanding as youve got on this one!

Bonsmara SAOctober 25th, 2011 at 5:58 am

This it is a great piece of information. But first of all I must salute all the visitors. Hello there. And now I must say that I have post http://www.economonitor.com/blog/2011/10/the-rise… on my Hi5 profile. I will do this because at last I found what I was looking for. What you give us here is really nice post. In the second I saw this tittle, EconoMonitor : EconoMonitor » The Rise of the Regressive Right and the Reawakening of America, on my google search I was very happy. I think I found something with the same ideea here http://www.bonsmara.biz, I’m not sure but I thing it was the same. My regrds

schwangerschaftswocheOctober 27th, 2011 at 3:36 pm

Hello, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam feedback? If so how do you stop it, any plugin or anything you can recommend? I get so much lately it’s driving me mad so any help is very much appreciated.

Yong KandollOctober 29th, 2011 at 8:06 am

Hello! I just want to give a huge thumbs up for the good information you’ve gotten here on this post. I will probably be coming back to your blog for extra soon.

Most Read | Featured | Popular

Blogger Spotlight

Ed Dolan Ed Dolan's Econ Blog

Edwin G. Dolan is an economist and educator with a Ph.D. from Yale University. Early in his career, he was a member of the economics faculty at Dartmouth College, the University of Chicago, and George Mason University. From 1990 to 2001, he taught in Moscow, Russia, where he and his wife founded the American Institute of Business and Economics (AIBEc), an independent, not-for-profit MBA program. Since 2001, he has taught at several universities in Europe, including Central European University in Budapest, the University of Economics in Prague, and the Stockholm School of Economics in Riga, where he has an ongoing annual visiting appointment. During breaks in his teaching career, he worked in Washington, D.C. as an economist for the Antitrust Division of the Department of Justice and as a regulatory analyst for the Interstate Commerce Commission, and later served a stint in Almaty as an adviser to the National Bank of Kazakhstan. When not lecturing abroad, he makes his home in San Juan Islands, Washington.

Economics Blog Aggregator

Our favorite economics blogs aggregated.