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Two articles I’m reposting here. Both concern the Bernie Sanders campaign. One, written by Jake Verso, specifically focuses on US politics. It also provides some historical context, mentioning past socialist figures such as Bernstein and Debs. The other, written by Michael Rectenwald, compares the enthusiasm surrounding the Sanders campaign to the outpouring of support for the Syriza coalition in Greece.
Enjoy.
Weekend at Bernie’s
Jake Verso
Communist League Tampa
August 20th, 2015
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However fed up it claims to be, a certain portion of the Left in the United States remains sympathetic (if not outright loyal) to the Democratic Party. Many of these people are coming to support the candidacy of Bernie Sanders, and for them, the legacy of the postwar American economy looms large. When not focusing on identity politics and fear of republicans, Keynesian economic policy tends to be the ideological basis of the left wing of the Democratic Party. However, that same institution is incapable of bringing forth such reforms, not only due to the capitalist nature of the organization, but also because the leadership understands, at least unconsciously, that such reforms are impossible in the current historical moment.
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In the dark comedy classic Weekend at Bernie’s, two reformist insurance employees discover the corpse of their boss at his weekend beach house. In order to protect their lives and keep the party going, they spend the rest of the film working to maintain the illusion that the lifeless corpse of their boss is still alive and is having the time of his life. To their surprise, and the delight of most of the unknowing spectators, the ruse is successful: the dead guy brings more joy to everyone who encounters him as a corpse than he probably would have were he still alive.
Bernie Sanders has frequently identified himself — in interviews, speeches, etc. — as a “socialist.” When pressed as to what this means, he usually mentions something about Sweden or else sticks the “democratic” moniker in front of it, presumably to be less scary. Yet Sanders is deliberately appealing to something bigger and more powerful than what is normally found within the bounds of typical political rhetoric. While most of the Democratic Party has stoically marched right, Sanders has veered left, raising the specter of a revamped populism with his appeal to outrage over growing economic inequality. His seemingly unpolished style, appearing and talking like your old socialist uncle who probably still mimeographs his own newsletters, Sanders appeals to the legacy of American unionism and nostalgia for its former strength. During this period of escalating election hype, it is important to remember that this remains within a framework of mainstream left-of-center politics. Positioning himself within Democratic Party primary politics, Sanders has drawn more attention to this type of rhetoric than one might have thought feasible. Since Sanders has nowhere to go but up, this has been the key to his appeal: raise the specter of working class strength, state directed social development, and populist economic outrage contained within a palatable framework and channeled into old political currents.
This is nothing new. If anything, it is the new normal. This same self-congratulatory politics could be seen during the 2008 Obama campaign. In his tone and diction Obama sought to subtly evoke the legacy of Martin Luther King, and would later famously install a bust of the man in the Oval Office. Today the Eugene Debs poster in Sander’s office is a similar object of note for reporters. Obama also acted as insurgent candidate against Clinton, filling a necessary power vacuum in the Democratic Party’s shallow bench of celebrity politicians. Obama promised a new kind of politics, albeit of a vaguer sort than Sanders, and sailed in on a wave of popular outrage toward the Bush administration and panic at the sudden emergence of the economic crisis. During Obama’s rise, all of the usual useful idiots pressed the line, excited that someone is able to appeal to loftier notions in anything resembling a mainstream context. To his credit, Sanders policies and political history go slightly deeper than Obama’s, but at the same time this poses a greater hurdle for him. A good deal of the Democratic Party base identifies as moderate or conservative. If Sanders hopes to actually secure a nomination, like Obama or anyone else, he will be forced to make concessions to those components of the party. All of this is moot anyway. Whether or not Sanders gets the nomination, or even if he somehow gets elected, the Democratic Party as a whole and as an institution is both unwilling to and incapable of implementing the kind of economic policy Sanders is touting. For now, Sanders has skillfully exceeded the extremely low expectations surrounding his candidacy and made great strides in closing the gap in the polls against Hillary Clinton. There has been a great deal of euphoria on some sectors of the American Left (to the extent that a Left can be said to exist in America). There has also been a growing chorus of dissident voices pointing out that Sanders platform is much less radical than some are touting it as. I suppose that I stand in the latter camp. But rather than listing the numerous political sins he’s committed over the years through his relationship with the Democrats, I’m going to examine and critique some of the assumptions underlying his appeal and then briefly look at just how meaningless Sanders conception of socialism really is.
Reformism and neoliberalism
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The extent to which one can place hope in reformist efforts today, depends in part as to one’s conception of neoliberalism. It can be tough to characterize the economic opinions of the Left, since so little of it can be said to hold any kind of economic conception of capitalism. For many people, in today’s environment Clintonite stooge Robert Reich has come to constitute some kind of economic guru for many people. Still, a unifying theme, from soft Marxists like David Harvey and Richard Wolf to liberal reformists like Robert Reich is that the period encompassing neoliberalism roughly amounts to an attack on the working and middle classes by the rich. That the gutting of US manufacturing, international trade deals, the welfare state, and dying off of trade unions was the result of a concerted effort, lead on a political front by greedy elites who were not satisfied with the previous equilibrium that had been established in the economy. This skillfully and self-servingly reduces structural economic problems to a question of political leadership, and from this standpoint, it makes sense to expect that the United States could return to “peace and prosperity” through the policy decisions of elected officials. Unfortunately this picture does not correspond to the reality of the last forty years or to capitalism in general.
Capitalists and state planners have adopted neoliberal economic strategies for a reason. Liberals and soft soc-dems like to paint different accumulation strategies as “irrational” as a basis for justifying opposition and advocating for reform. What all of this ignores is how, under capitalism, the fate of the working class is tied to the needs and trajectory of capitalist accumulation. Following the great depression, and a series of escalating strike waves in manufacturing, a post-war boom in economic prosperity affected many sectors of the American working class. Relatively generous welfare and more progressive tax rates were feasible and prosperous policies in the wake of a robust profit rate. Fueled by the massive capital devaluation of the depression at home, and the literal devaluation of resources as an outcome of the war, the United States emerged as the strongest manufacturing center for a growing and rebuilding world market. Decades of militant labor agitation had strengthened the position of the American working class, allowing it to bargain for a greater portion of the surplus. Constituting a sort of golden period for the “middle class,” the mid-1940s (lasting up through the 1960s) far from being the norm, instead constituted a sort of détente between certain sections of the working class and capital. This came to a halt in the wake of the financial crisis of the 1970s.
Following the war, Western European and Japanese manufacturers were able to enter the world market with newer machinery operating at higher rates of productivity. Combined with a precarious workforce and targeted market development, these economies were able to undercut American producers, many of whom were still holding fixed capital assets that had yet to yield their full returns. Typically, as in the Great Depression, such crises are followed by a period of capital devaluation. Instead, capitalists opted for a different set of strategies to avert crisis and maintain the course of capital accumulation. Amongst these strategies were privatization, financialization, debt expansion, and a host of strategies to manage increasing surplus populations (incarceration, education, underemployment). What is important to understand is that this turn was driven by the trajectory of the capitalist economy, and not simply reducible to “corporate greed.” The rising organic composition runs as an undercurrent to all of this and has never been satisfactorily addressed. Instead what we have are increasingly sophisticated forms of state economic management. This does not meant that politics are in command. Just the opposite: the state answers to the needs of the economy.
The politician must understand just as well as the capitalist that all functioning of the state is predicated on the maintenance of a robust profit rate. Policies which have a negative effect on the increasingly precarious capitalist growth are a nonstarter, and even those proposing them will typically recoil when forced to consider the real consequences of their decisions (see Syriza). Attempting to bring back Keynesian style redistributive policies under completely different historical economic and political circumstances would be foolish and unrealistic without a militant fighting working class which was fully prepared to tank the capitalist economy in order to build a new one. In periods of a decreasing underlying profit rate, such reforms would heighten class antagonisms and social contradictions rather than reconcile them. And that is far from the story Sanders and company are selling. When leftists go around promising that easy reform and robust economic development can go hand in hand, all they are doing is setting the stage for reaction. Fortunately, we know they are not serious. For Democrats, these ideas can only prove useful to the extent that they will never be realized. But the show must go on, and so they’ll raise the corpse of liberalism every so often, bask in the glow of the party, and return to business as usual the next day. If you step back and glance from a distance, these appear to be serious measures. Look at all these excited supporters in the crowds. This many people can’t be getting worked up for nothing, right?
Democrats: Unfit for the working class
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Sanders has spoken of running his campaign “more like a movement” but the fact that he is choosing to lead his “political revolution” within the Democratic Party, and has promised to support whoever the candidate would be (read: Hillary Clinton) should tell anyone who is serious about some kind of substantial political change everything they need to know. But for the sake of clarity, let’s briefly review why it is the Democratic Party is unfit to bring about the kind of change the proletariat needs and many sections of its own base would like to see.
The relationship between the Democratic Party and the American Working class has been opportunistic from the very beginning. Representing the slaveholding interests in the South, the Party used class discontent in the north between workers and bosses as a part of its overall strategy to retain its political foothold in the federal government. Even after the Civil War, this basic class arrangement remained in place, embodied as late as the 1960’s in the white southern populism of George Wallace. Going forward, after the destruction of slavery, the Democrats acted as a force of loyal opposition to the industrial expansionism of the Republican Party. For many however, this is irrelevant. Instead they point to the New Deal of FDR, and Great Society Legislation of Lyndon Johnson in order to shore up political credibility for the Democratic Party. This relies on a form of historical amnesia in which the broader context of each administration is completely forgotten, and this kind of lineage of peace and prosperity is projected across administrations from FDR to Carter to Clinton and sometimes even Obama. In the same breath, the historical lineage tracing back to the Democratic defense of slavery and its current complicity in imperialism is completely disavowed. If we understand the Democratic Party not as the vanguard of American Leftism, or even a bulwark against rightists, but instead as a recuperation mechanism for a particular faction of the ruling class, the political continuities and discontinuities between administrations and eras comes into much clearer focus.
The first Democratic Party president that leftists will point to is Franklin Delano Roosevelt. Kennedy left little of substance behind during his short tenure as president, and Johnson’s legacy remains tainted by the Vietnam War despite welfare and civil rights legislation. By contrast FDR stands as architect of “the good war,” savior of the economy, and redistributor of wealth. However, FDR’s New Deal can only be understood within the context of American Capitalism of that era. At the beginning of the twentieth century, the American Working class was gaining serious ground in developing its own political organs and institutions. This era saw the rise of trade Unionism in the AFL and CIO, the fighting syndicalism of the IWW, the developing socialist parties as well as the Communist Party USA. However imperfect these organizations were, their existence indicated a possibility of an American working class capable of asserting itself as an independent political force. Perhaps more importantly wildcat strikes had been taking off in the United States and would continue to escalate through his administration and well through the war. Workers were thus taking on modes of direct action independent of the developing bureaucracies of the representatives of labor. All this boded poorly for the American ruling class, who had enjoyed a relative degree of political hegemony in comparison to much of what had taken place in Western Europe. FDR rode into office on top of a massive economic crisis, and governed in the shadow of dictatorships throughout Europe and growing inter-imperialist conflict globally. FDR’s reforms fell well short of the demands implicit in the actions of the American working class at the time. His penultimate solution, a war economy, served to redirect the trajectory of production and after the war served to place the U.S. as the foremost global superpower. This mode of war production, later termed the “military industrial complex” has been more or less in place ever since. The coexistence of state expansion and welfare spending and a broader imperialist spending and foreign policy could be seen in starker relief under the Johnson administration decades later. While the military spending has remained more or less invariant and essential to capitalist accumulation in the United States, the particular class, economic and historical conditions that produced the former reforms have been gradually eaten away at ever since, often with the direct complicity of the very Democrats who are allegedly supposed to prevent this. Yet still we are promised a return to this, and Sanders brand of cruise missile socialism continues it. Herein lies the focal weak point of Sanders form of left-liberalism. In spite of the frequently empty anti-war activism of the left (“no blood for oil!”) here sits no room in this outlook for any meaningful internationalism. When military spending is even seen as a problem, it is understood either as simply an irrational expenditure, or it is opposed on moral terms, as if the U.S. economy received no material benefits from its imperial hegemony and all spending could simply be shifted to infrastructural development with no economic downside.
For many, the strongest case to be made for Sanders insurgent candidacy to be made stems from the fear of repeating the example of Ralph Nader, who acted as a “spoiler” in the 2000 presidential election. In spite of the largely inconclusive evidence regarding Nader’s role, this event has loomed large in the liberal mindset, turning Nader from being the reformist hero of the 1970’s into a pariah responsible from everything from the War in Iraq to 9/11 depending on who you talk to. What followed in the subsequent anti-War movement was a redoubling of efforts in support of the Democratic candidacy, leading to the pathetic spectacle of John Kerry’s run. But what is strange, even on its own terms, about the “lesser of two evils” argument his how the people making it paint this grim picture of our current situation but seldom paint any kind of portrait of how to get out of it except through acquiescence to it. This might have made a modicum of sense to the politically naive during the height of the anti-bush anti-war demonstrations in 2003, but after nearly 8 years of a democratic administration, and following the failure of a Democratic majority to pass meaningful health care reform that wasn’t just a glorified coupon system, the Democrats today are in sore need of credibility. After decades of moving to the right and an eight year presidential term that has produced little reform to speak of, it is becoming I think increasingly difficult for Democrats to sidestep the glaring contradictions between what is expected of them and what they actually do, facilitated in part through the increasingly open information exchange of the internet. Sanders may represent a last ditch effort to recoup the left wing of the party and get people #readyforhillary. What both Sanders and Nader missed was the basis of political power. Nader believed that it was necessary to build a political institution outside of the Democratic Party. However the Greens have no basis in a strong class capable of acting politically, and their platform remains a sterner variation on the basic liberal schema.
Really-ideal socialism
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A great deal of the novelty surrounding Sanders campaign is his refusal to completely disavow the term “socialist” whenever it is applied to him. Partly this represents a form of savvy on his part, it is said that Obama’s poll numbers went up the more the term was applied to him by his detractors, and partly it serves as a useful rhetorical maneuver. At the same time, the seemingly increasing receptivity to more leftish politics suggests something about our current moment.
Sander’s vague allusions to Scandinavia and Democratic Socialism, seldom run into the concrete or even link up directly with his policy proposals. Instead it serves as more of a rhetorical function. Even as we near the 30th anniversary of the collapse of the Soviet Union, red baiting remains useful for rightists, and an effective measure for shutting down any discussion of reform or even any criticism of the current acceptable functioning of capitalism, no matter how minor. Thanks to the sustainable functioning of the Scandinavian welfare states, left-liberals have a relatively inoffensive model they can point to. In other words, Sander’s “socialism” is really just a way for him to call the bluff of rightists. His actual policies themselves are liberal reformist at best.
Historically, socialism as a political goal amounted to more than simply generous welfare spending, public works programs, or highly progressive taxation. Socialism was a project to overcome capitalism and transition to a higher, better mode of society. Even in the classical Social Democratic Party of Germany, the philistine right theorist Edward Bernstein, in all of his gradualist reformism, agreed that capitalism was only a transitional point to socialism. In fact, insofar as he was convinced that said transition was inevitable, he was far more optimistic about the prospects of proletarian triumph than most leftists or even many Marxists today. Sanders and the rest of the “socialism worked in Sweden” school, cannot even comprehend or envision mankind’s social transformation through history. It ignores the class basis of most of the political parties which implemented the said reforms, and it ignores the limitations of the nation state. The Scandinavian examples, as beneficial as they may be for the people living there, are just as symptomatic of the failure of socialism as its success. Because in both cases, and this is true for Europe to a lesser extent, the very national basis of such a system presupposes an anti-immigration politics. Because the benefits and higher wages are secured for a certain set of workers through the reproduction of the particular state and national economy, it must exclude other workers from entering the economy at a faster rate than growth allows them to integrate (as well as take a place within the broader international system of capitalism). As this is the case, it should come as no surprise that Sanders takes such a shitty stance on immigration:
Open borders? No, that’s a Koch brothers proposal… That’s a right-wing proposal, which says essentially there is no United States… It would make everybody in America poorer… You’re doing away with the concept of a nation state, and I don’t think there’s any country in the world that believes in that…
If you turned the last sentence on its head, you might have a statement from an actual socialist. It is entirely inconceivable to Sanders that the abolition of nation states would be desirable or necessary as an eventual goal. This glaring but inadvertent cluelessness is fairly typical of old-school unionist DP politics. Sanders doubles down on state protectionism. He even goes so far as to threaten to put the genie back in the bottle on NAFTA, as if all the Mexican farms run off the land by American agri-business will somehow re-sprout again and the “illegals” will just go back home to their plows. As of yet, Sanders offers no vision on how he might control capital flight, or do anything to deal with the cheaper labor and newer equipment that inevitably emerges in a world market. A globalized market only points even more starkly for international organization and solidarity of the poor and working classes worldwide. Instead Sanders hopes to recreate some kind of accord between the working class and the ruling class. He refers to this accord as “the middle class,” and he refers to it often. This sort of nationalist strategy of cross-class collaboration in the form of expanding the old buffer is fundamentally reactionary from the perspective of a genuine proletarian politics.
The communist line
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Finally, this brings us to the question: what does the phenomenon of the Bernie Sanders campaign mean for Communists? It is very easy to adopt an oppositional stance, and begin rattling off a laundry list of Bernie Sander’s political sins, but I think it is even more important for Communists to cut right to the heart of the matter. Bernie Sanders is not a socialist, because Bernie Sanders does not seek to move society beyond capitalism. A socialist program must transition to communism. Otherwise it will transition to failure.
If Sanders represents and capitalizes upon a reviving interest in socialism, then it is our task to clarify what socialism really is and what it means. We must critique the limitations of Sanders overall strategy, and in the process underline what directions things must take in order for there to be real change. We cannot look to sell people on easy magic bullet solutions either with the intention of winning people’s interest or counting on such solutions tanking in order to prepare people for the “real alternative.” Instead we should recognize that people are beginning to recognize some of the limitations of Democratic Party politics. We should push them further. Another component of this as that a lot of mainstream American news and politics runs on fear. The truly skilled politician knows how to transcend this and appear to offer people something beyond this schema, it’s not for nothing that the central word of Obama’s campaign was “hope.” In his promises of reform, and his seemingly different way of doing things Sanders appeals to a similar mindset. In deconstructing the politics of the Left, we must at the same time point to an alternative politics and a vision for a higher and better form of society. Still, even in this, it is hard to escape the nexus of the current political schema. What is required, perhaps more than anything else, is a longer and deeper view both of the past and the future. So long as the lessons and implications of history are ignored, any capacity to imagine future change or long term development will remain necessarily stunted. We must not only oppose all bourgeois political parties, but also the conception that the outlook of our political horizons cannot extend beyond the next four years.
The party is over
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Weekend at Bernie’s ends with the main characters getting everything they wanted. An assassin goes mad repeatedly attempting to kill Bernie, and is convinced he is still alive even when he is being taken to jail. The two young men get to keep their jobs, one gets the girl, and the corpse slips out of the ambulance to fall on the beach and be symbolically buried by an indignant youth. So far Sanders has been able to placate the latter element, but if the savvy activists and staff of his campaign have their way, they can take this thing all the way to the general election. There might be more appeal to the Sanders pitch than it seems. Republicans could come off as hysterical (as they did with Obama) crying “socialist!” and “communist!” long after the DP party mainstream, or anyone else, have ceased to really believe it. Whether he wins or is forced to go back to his Senate seat, at the end of all this, careers will be made. And Sanders and his specter of sewer socialism will be wheeled back to be buried where American working-class politics has always gone to die: Washington DC.
Syriza & Sanders: “Just say ‘no’” to Neoliberalism
Michael Rectenwald
Insurgent Notes
July 16th, 2015
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Hopes for Syriza’s negotiations with the banking troika in the EU simmered and even boiled over among elements of the left, especially after the vaunted “No” referendum vote suggested that the Greeks would not succumb to another wave of austerity measures but would instead stand firm, even if this meant potentially leaving the EU. We have seen these hopes dashed by the subsequent “negotiations,” in which Tsipras seemed to have negotiated backwards, arriving at an agreement that was worse than the one rejected by the Greek voters in the referendum vote. This development has been characterized by some on the left as a blow to the working class, and to the leftist, world-historical opposition to neo-liberal capitalism.
But the fact of the matter is that Syriza represents neither anti-capitalism nor the working class. This is not to belittle the registration of an anti-austerity position among the Greek majority. But it is to suggest that misplaced confidence is currently a penchant among those desperate to see in contemporary events a real and effective opposition to “neoliberalism,” which is figured by so many on the left as a mere matter of policy rather than as primarily a function of the crisis of degenerate capitalism, a capitalism that must take a “principled” stance against its opposition, lest it give away the store.
The Greek economic minister, Yanis Varoufakis, seemed to have lost his putative Marxist bearings when he, like Paul Krugman, continually insisted that the European Central Bank need not enact austerity, that its best interests actually lay with largesse towards its debtors. Many among the international left were buoyed by this insistence, and accepted its premises implicitly. The Greek people, meanwhile, had little choice but to hope for the best.
However, many ultra-leftists and left communists, and even those of other communist tendencies, fully anticipated Syriza’s failure. This prediction was usually based on a criticism of Syriza’s political character. Syriza is a capitalist party, so the story goes. Thus it did not negotiate in good faith, or failed to have the correct principles in mind. This is only a partial explanation for the outcome. Less often, the prediction was based on an understanding of the systemic impossibility of winning major concessions from capitalism under existing conditions.
Here’s how this latter explanation reads: The capitalist system faces a crisis of confidence based on a crisis of profit; its ministers cannot see their way clear to lending vast sums of money — because they do not expect acceptable returns — without extracting those returns out of existing value and the means of social reproduction itself. That is, they cannot undertake lending without enacting a barbarous austerity that extracts value from out of the mouths of the Greek population.
Today, in terms of prediction, those employing such shorthand Marxist economic analyses continually outperform neo-Keynesians and Marxists of more sanguine disposition, whatever the latter’s sophistication. This is so because Keynesian nostrums are the only “remedies” on offer from the left. Yet no possibility exists for moving from a minimum program to a maximum program, because no minimum program can be achieved. The iron laws of capital have apparently reached a limit in flexion, as limited as that flexion was to begin with. They now form the jowls of a mechanical predator that must feed on human carcasses, much as in Jonathan Swift’s “A Modest Proposal.” Capitalism’s predation is on full display, its self- and other-immolating character owing to its decrepit condition. The Greeks, along with the rest of the world’s population, represent hostages to a system that staggers in its attempts to yield profit as it generates value. Thus the relative paucity of value production and the need for blood sucking measures.
Meanwhile, in terms of policies, perhaps more than at the EU ministers, criticism should be directed at the Greek government and its ruling party, Syriza, whose class allegiance remains implicit and largely unchallenged. It has, for example, never considered extracting value out of the oligarchy or the Greek Orthodox Church. The working class, especially the most vulnerable within it, has always been the only acceptable target of life-threatening austerity measures, which the Greek government will now enact, whether under Syriza’s rule or not.
It is in this context, the context of capitalism and its decadent state as acted out on a world scale, that we must consider the candidacy of Bernie Sanders for President of the United States. A Democratic Party candidate, Sanders represents the possibility of opposing neoliberalism, or at least injecting that opposition into the national “conversation.” While few maintain that Sanders has a real chance of winning the Democratic Party’s nomination, let alone the presidency, most supporters suggest that at the very least he will accomplish the much-needed task of pushing the Democratic Party to the left. This might even impact the politics of Clinton in her bid for the presidency.
Putting aside for a moment the fact that Sanders is running as a Democrat, a party whose allegiance to finance capital is well known, whose commitment to war is equal to that of the Republicans, and whose attacks on working-class living standards have been legendary, the Sanders candidacy represents the Keynesian or neo-Keynesian belief that neoliberalism, primarily the result of a set of governmental policies favoring corporations and the ruling class rich, can be reversed by means of different, opposing policies.
There is something to be said for this belief. As we have seen in the case of Syriza, even with the imposition of austerity, the decision to extract value from the working class, the vast majority, largely will be a policy decision undertaken by Syriza or another party. This could be otherwise. The Greek government could tax its oligarchy, confiscate church properties, nationalize some industries, and so forth. Similarly, in the United States, the working class has paid the greatest price for the financial crisis of 2008, and it continues to bear the brunt of crisis that persists as the “new normal.” The income chasm between workers and their corporate employers has widened over the past several years, and policies might be undertaken to reverse this trend. At least the tax burden, as Sanders suggests, could be shifted toward those who take the lion’s share of value from the system, and whose tax liability has been so diminished over the past forty-plus years. Further, drawing on such new tax revenues, investments in infrastructure and other measures could stimulate economic growth and increase the income of the working class, while improving the quality of working-class lives. Sanders, or a Sanders surrogate in Clinton, might even address the question of reparations for African-Americans, which, if enacted, would inject more money into layers of the working class.
However, even before considering such measures, the question of new value production must be broached. Again, given the crisis in profit, the capitalist class and their banking representatives are less than sanguine about the prospects for investment in production. The question becomes, even granted an obliging legislature, just what a President Bernie Sanders (or his surrogate) could accomplish in terms of the improvement of the economic conditions of the working class, where employment and other gains are concerned. Further, what leverage would Sanders or Clinton have for “fighting for” the working class? Even if Sanders succeeded, as some say he could, in encouraging a movement that overflowed the banks of the Democratic levees, just what might be accomplished by virtue of such a movement?
The question becomes whether the capitalist class can make concessions under the crisis of capitalism without further retrenchment in productive capacities. As it stands, over the past forty-plus years, we have witnessed a tremendous curtailment of investment in social reproduction, such that the withering of state and private property investments has resulted in a shrunken and shrinking fixed capital base, along with the continual sloughing off of even more layers of variable capital (the labor power of workers). Given the new, vaunted robotic automation that is promised, even more layers of workers could lose their jobs, thus offsetting or more than offsetting any gains Sanders or Clinton might achieve in employment. And if this were not bad enough, the increased technology investments in robotics (to the detriment of labor) would have the effect of further drawing down the rate of profit, thus serving to further stifle investment in production and thus labor. Likewise, the increasing introduction of robotic automation would enlarge the already growing layers of displaced workers.
All of this is to say that the problems that beset and will continue to beset the working class cannot be addressed in terms of a presidential candidate — to say the very least. The crisis and trends in capitalism are too vast and cannot be stricken from existence by policy enactments. Keynesian or neo-Keynesian economics, which surely represent the limit of a Democratic presidency (if it could even be made that “liberal”), have no bearing on the fundamental contradictions of capitalism, which will play out regardless of such tinkering. And this analysis may be obviated by the simple fact that without the support of the ruling class, a President Sanders would never be elected. Therefore, the kind of Sanders hoped for is impossible.
In short, there is no substitute for the mobilization of the working class, and this mobilization cannot at all be effective in the context of a ruling-class party system like the Democratic Party. There is no saying “No” to neoliberalism — short of rejecting and overcoming capitalism itself. That is because reforms are largely impossible under decadent capitalism. Neoliberalism represents the policy adjustments to this decadent capitalism.
Likewise, for these reasons and others, a Sanders or Clinton presidency of the kind hoped for is an utter delusion. The Sanders campaign involves a number of misrepresentations of political and economic reality. The promotion of a Sanders presidency is not merely an error; it is a positive offense to the working class, and a source of real damage to its political strength, will, and efficacy.