Why and How 21st Century Capitalism Undermines American Democracy: A Problem for both Trump & Harris

We continue our discussion of the the interaction of democracy and capitalism in America in the 21st century, noting how large portions of the American public's paths to security let alone prosperity are undercut by a long-standing, slow building affordability crisis that became increasingly obvious and salient in light of the recent period of higher overall inflation. Further, the core expenses driving the affordability crisis--housing, health care, higher education, child- and elder- care--are all governed by public policy or its failures more than by pure economic forces. In other words, the affordability crisis drives partisan polarization into especially negative forms that tend, especially in the US, to block precisely the public policy that would be required to address the underlying sources of frustration, disillusionment and grievance. Finally we move from the question of how the affordability crisis affects the prospects not only for a Donald Trump or Kamala Harris victory but also for the prospects for success of their future administrations to the way in which the thought of Karly Polanyi helps us to better understand why we face such a sharp dilemma in the wake of 50 years of political passivity with regards to the market economy.

[@Twangaming]

Nice vid, earned my sub

[@NickleJ]

Your comments on Sinwar amount to laundering Israel's actions in Gaza, in my view.

[@congero113]

How is having more job opportunities at a fair wage going to hurt a native born population?

[@phoneticau]

Fiat currency and inflation is kicking in

[@JaceFalcon]

Disagree. Less working class vattling for labor would be good for the working class. History shows this.

[@Twangaming]

History does not show this. Solidarity has always been more successful than tribalism among workers

[@mellowInventor]

@@Twangaming Most great shifts in socio-economic systems has been a popularization and redistribution of power or reactionary shifts backwards.

[@Twangaming]

@@mellowInventor what is your point? Reactionary shifts backwards, by definition, do not help workers

[@mellowInventor]

@@Twangaming A shift doesn't necessarily have to be positive for everyone. I was just pointing out that if it's not an action beneficial to a greater portion of the population, it's to restrict the power back to a smaller set of people.

[@Twangaming]

@@mellowInventor shifts is your term bro. The proletariat is the majority so I’m not sure what you’re on about