Sunday, October 09, 2005

Salon.com | Fall of the Rovean empire?

Oct. 6, 2005 | For 30 years, beginning with the Nixon presidency, advanced under Reagan, stalled with the elder Bush, a new political economy struggled to be born. The idea was pure and simple: centralization of power in the hands of the Republican Party would ensure that it never lost it again. Under George W. Bush, this new system reached its apotheosis. It is a radically novel social, political and economic formation that deserves study alongside capitalism and socialism. Neither Adam Smith nor Vladimir Lenin captures its essence, though it has far more elements of Leninist democratic-centralism than Smithian free markets. Some have referred to this model as crony capitalism; others compare the waste, extravagance and greed to the Gilded Age. Call it 21st century Republicanism.

At its heart the system is plagued by corruption, an often unpleasant peripheral expense that greases its wheels. But now multiple scandals engulfing Republicans -- from suspended House Majority Leader Tom DeLay to super-lobbyist Jack Abramoff to White House political overlord Karl Rove -- threaten to upend the system. Because it is organized by politics it can be undone by politics. Politics has been the greatest strength of Republicanism, but it has become its greatest vulnerability.

The party runs the state. Politics drives economics. Important party officials are also economic operators. They thrive off their connections and rise in the party apparatus as a result of their self-enrichment. The past three chairmen of the Republican National Committee have all been Washington lobbyists.

An oligarchy atop the party allocates favors. Behind the ideological slogans about the "free market" and "liberty," the oligarchy creates oligopolies. Businesses must pay to play. They must kick back contributions to the party, hire its key people and support its program. Only if they give do they receive tax breaks, loosening of regulations and helpful treatment from government professionals.

READ ON; it is worth the day pass

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home