Denmark is back in the Democratic primary debates. When Amy Klobuchar listed various people that Trump blames instead of himself, she included “the king of Denmark.” Denmark hasn’t had a king for more than 60 years, and Trump didn’t blame the queen either. After Prime Minister Mette Frederiksen called his proposal to buy Greenland “absurd,” he described her remark as being “nasty.” At his request, Queen Margrethe had invited him to visit Denmark, and after Frederiksen’s response, he canceled the visit. If he had come, he would certainly have found something to blame her for – perhaps for not banning the Trump Baby Balloon – but in this case, Klobuchar’s charge was inaccurate.
As model egalitarian societies, Denmark and the other Scandinavian countries remain in the background of the Democratic campaign, though, as they were when democratic socialist Bernie Sanders praised them in the 2016 campaign. Sanders and Elizabeth Warren presumably know more about Denmark’s welfare state than Klobuchar does about its royalty, and their proposals of radical reforms to reduce social and economic inequities have found an eager audience among a segment of Democratic voters. About half the Millennials polled favor socialism over capitalism. If other countries can provide universal health care, tuition-free university and subsidized daycare, why can’t the supposedly greatest country in the history of the world?
The risks of failure
I can generally recommend Western European social democracy, although it is not quite the socialism that many American Progressives suppose and it is not clear that its socialist tendencies are responsible for its relative prosperity and social harmony. I don’t think this is the moment to bet on a major fiscal restructuring in the US, however. The country is in a political and cultural crisis with a rogue administration dividing the population into factions that can’t understand and communicate with each other. The domestic polarization is worse than it has been in 50 years, and in foreign relations, the administration has destabilized the world by alienating democratic allies and encouraging authoritarian regimes. The stakes have rarely been higher, and the Democrats’ priority should be to end the misrule. A platform of drastic reforms would greatly increase the chances risk that Trump will be re-elected.
Trump’s base is apparently impervious to dishonesty, disinformation, corruption and consummate boorishness. And a sitting president with a fairly sound economy and no primary challenger in his own party has a huge advantage in the general election. If the Democratic Party is pulled toward the Progressive fringe, it will lose the centrists of both parties and the independents that it needs to win. Demands for open borders, health care for undocumented immigrants, late-term abortions and gender self-identification would alienate moderates. The country cannot afford the risks of another four years of Trumpism. It might be unrecognizable afterward, assuming that the Orange Oaf could be pried out of the office even then.
The risks of succeeding
Even if a Progressive Democratic candidate wins the general election, the implementation of structural reforms to mitigate wealth inequality, economic insecurity and Wall Street abuses is far from certain of becoming a reality. They would be very expensive and require enormous deficit spending, and the partial financing from a wealth tax, a higher capital gains tax, a financial transactions tax and more would most likely crash the stock market and cause a recession, probably another serious one. The market, which has been propped up by the Federal Reserve’s low interest rates and spigot of repo loans to the largest banks is long overdue for a correction, which would be blamed on “democratic socialism” or fears of the same. It would be used to discredit reforms and make it even harder to implement them.
There is a better chance of improving social welfare by first aiming to recapture the White House and restore a traditional liberal democracy before trying to overhaul the healthcare sector and the financial markets. If that succeeds, then it won’t be many terms before AOC and her cohort will get their shot at fashioning post-capitalist, post-racial, post-gender republic.
No comments:
Post a Comment