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Benjamin L. Mabry's avatar

I have two basic comments to make:

First, you should also look at this internationally. The American Managerial Elite are essentially global these days, and are just as much interested in London, Paris, and Berlin as they are in New York and Los Angeles. The failure to Regime Change Syria and the collapse of Afghanistan were much more of a system shock than they're letting on, and they are in an absolute panic that the 2014 coup in Ukraine is going to be reversed by, of all things, Russian military action. What's at risk is not merely American neoliberalism, but the entire liberal international order. The notion that Western corporations and NGOs can act with impunity throughout the world, apart from a handful of rogue states like Iran and Syria, is no longer unshakeable. The Western elites satisfied themselves with the notion that if they couldn't have Syria, they would at least ensure that it was destroyed beyond use by anyone else. And while that's basically the strategy with Ukraine right now, if we can't have it neither can the Russians, rolling back a Color Revolution is a bridge too far. People who made a living by sneering at Huntington are terrified that there really will be a rollback of Third Wave Democratization, and a rival world order that could plausibly challenge the [Neo]Liberal International System.

Second, Sam Francis and Paul Gottfried already war-gamed out the scenario where the establishment bipartisan center tries to reign in the far-left, and neither of them were particularly optimistic. Gottfried argues that, by and large, the center-left honestly believes that the far-left is morally correct, if tactically short-sighted, and lacks the spine to bring a halt to it, out of honest belief that they would be on the wrong side of history. Nobody wants to be the Bull Connor of the 21st Century, and so nobody is going to do anything when the far-left pushes back.

Francis, who thinks that the elites are amoral opportunists, didn't think that the center still had the institutional power to forcibly eject the far-left the way that they did in 1968. The far-left now owns the institutional apparati which are necessary to Democratic electoral success. Unlike 1968, the Democrats no longer have the ability to pivot away from BLM and LGBT+ without losing everything. It would be Nixon plus ultra, if even a tenth of these constituencies failed to show up on election day. Not to mention the extent to which the Democratic political machines on the ground are entirely enthralled to the far-left, who provide nearly all the manpower for their ground game. Democratic election strategies are now entirely dependent on their network of election non-profits who register left-wing voters, organize mail-in voting campaigns, and manage the logistics of getting maximum numbers of their voters to the polls on election day. I used to work in the same office building as ACORN back in the day, and I don't think most people know to what extent the Democrats are entirely dependent on organizations like that for their turnout machine.

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Barnard's avatar

In order for a consolidation phase to happen someone is going to have to deliver some very bad news to the activist classes across the left. Most of these CEOs are too cowardly to do this even within their own organizations. The "I'm sympathetic to your concerns, but you are going too far message" is not going to be considered acceptable among the activists. Reparations activists have made it clear they want a massive up front payment followed by payments in perpetuity. I'm sure Jamie Dimon and some others are in exactly the position you describe. Most are still funding non profits the activists run with huge donations. These donations drying up would be a leading indicator you are right, but it hasn't happened yet. Frankly, no one in the elite class has the skills it would take to exert control over what they have unleashed. Now we all get to reap the whirlwind.

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