I want to go back to Corey Robin’s incredible take on austerity politics in the Democratic Party, through the lens of how Republicans once embraced, and then abandoned it. The fact that you can draw a line in inverse proportion between what party embraces austerity and what party has the dominant position in the politics of the age should tell you what you need to know about its importance. By and large, we saw a liberal era in the 1950s and 1960s (regardless of what party actually ruled) followed by a conservative era in the 1980s that stretches to this day. And the factor of austerity politics plays a big role in that.
|By: David Dayen Friday August 31, 2012 9:39 am|