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Tomgram: Fraser, Did the Political World Change in November?
Have you already been swamped by 2008 presidential madness -- by Hillary, and her swiftboaters, and Obama(mania), and Edwards, and McCain hawking his wares in Iowa, and Hagel, and a gaggle (or maybe a gagel) of lesser presidential candidates, wannabes, and thought-abouts haggling over their prospects, and the latest definitively meaningless polls on the candidates, and whether various giant states are going to beat out smaller states in the race to be first in the primaries, and which of the candidates are ahead in the mad dash to the various moneybags who finance both parties? It's a miracle that the initial votes for president aren't being pushed forward to the spring of 2007. If this is the electoral "horse race," the nags are going to be dead by summer.
Why this wild media rush to next year's election? You won't find out from reading your morning paper or catching the nightly news on TV. Sometimes a dash of history, a bit of historical context, not to speak of a little informed speculation is just what the media rush to the polls is lacking. Fortunately, here at Tomdispatch we have the antidote to the already headlong race to 2008. Steve Fraser, co-editor of the American Empire Project book series and author of Every Man a Speculator, a cultural history of Wall Street that the Boston Globe described as "the Iliad set on Wall Street, its literary gravity pulling you along with the sweep of its narrative," considers just what might be made of last year's November midterm elections and the upcoming one in the great sweep of American history. Tom
Was 2006 a Turning-Point Election?
By Steve Fraser
All media eyes have turned toward the presidential election of 2008. Like the headlights of an onrushing train, it mesmerizes. Every news bulletin about the latest bloodbath in Iraq, each ominous forewarning of a face-off with Iran, the endless dirge of abandonment and despair issuing from New Orleans, the daily register of those cut loose from any semblance of a social safety net, public or private, each new official confirmation that the Earth is reaching a boiling point compels us to anticipate the 2008 election with fear and trembling, and with the greatest expectations. Something momentous might happen then. Haven't we already seen the first signs of that in the extraordinary electoral outcome of November 2006?
All elections are, in some sense, turning points. They register, however murkily, shifts in popular sentiment. But this recent off-year election has excited more than the normal number of pregnant speculations and, of course, put one question in particular in boldface type: Did it signal the end -- or at least the beginning of the end -- of the conservative counter-revolution that first gained traction with Ronald Reagan's presidential victory in 1980?
A turning-point election is something special indeed. Everything about the country's political chemistry changes as its geopolitical make-up is reshuffled, as cities, towns, and whole regions start voting in a new way. Suddenly, the normal fault lines in political demography no longer apply as ethnic, racial, gender, and socio-economic groups simply stop voting the way everyone expects them to.
Turning-point elections can inaugurate new distributions of wealth and power. Social classes and elites accustomed to rule find themselves struggling to hold on to, or compelled to share power, they once felt entitled to wield unilaterally. The whole political economy becomes subject to serious reordering. With so much at stake, such elections can ultimately be the occasions for revolutions in the country's moral tone, its basic cultural and ideological orientation.
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