Democratic Millionaires and Billionaires To Meet in Palm Beach to Plan the Future of the Party of the People
by Bob Schwartz
For a while today, I thought that Kanye West announcing he would have voted for Trump—if he had voted—was the most interesting bit of news.
But this from Politico is much better:
David Brock on Thursday night emailed more than 200 of the biggest donors on the left — including finance titans George Soros, Tom Steyer and Donald Sussman — inviting them to a retreat in Palm Beach over inauguration weekend to assess what Democrats did wrong in 2016, figure out how to correct it and raise cash for those initiatives.
For the Democratic establishment, it is not just that they are pretending that Bernie Sanders never happened. They are pretending that the election never happened, or that what did happen had nothing to do with the party being hopelessly and cluelessly out of touch with the constituencies it needs to win elections.
Thomas Frank wrote about this in his recent book Listen, Liberal: Or, What Ever Happened to the Party of the People? It is an insightful work, and one that presages and sort of predicts the results of this presidential election. It deserves a complete reading, and his multi-faceted analysis is not quickly summarized. But here is one aspect:
ON THE LIBERALISM OF THE RICH
I am pressing on a sensitive point here. Democrats cherish their identification as the Party of the People, and they find it unpleasant to be reminded that affluent professionals are today among their most dedicated supporters. Democrats’ close relationship with the successful is not something they advertise or even discuss openly.
Exceptions to this rule are rare. One of the few works I know of that seems to approve, albeit with reservations, of liberalism’s alliance with a segment of the upper crust is the 2010 book Fortunes of Change, written by the philanthropy journalist David Callahan. The premise of his argument is that our new, liberal plutocracy is different from plutocracies of the past because rich people today are sometimes very capable. “Those who get rich in a knowledge economy,” the journalist tells us, are well-schooled; they often come from the ranks of “highly educated professionals” and consequently they support Democrats, the party that cares about schools, science, the environment, and federal spending for research…
There’s a simple reason that financial firms rallied to the Democrat [Barack Obama] on that occasion, Callahan suggests: because people on Wall Street, being very smart and very well-educated, are natural liberals….
To this honor roll of intellectual and financial achievement, Callahan appends the following observation: “This is definitely not the Sarah Palin demographic.”
No. But neither is it a demographic with any particular concern for the fate of working people.
In addition to Frank’s book, also recommended is the new book from Bernie Sanders, Our Revolution: A Future to Believe In. I don’t think Bernie’s going to be invited to the Palm Beach gathering, but boy howdy, that would be something.