News for hackers. Stuff that matters.
Re:Why Silicon Valley is not the second coming of the Gilded... by smacktoward on Tuesday May 21, 2013 @07:35PM (#5747826)
That was my point -- whether SV's elite support the Democrats or the Republicans is kind of irrelevant to the question. Both parties have been captured by economic elites. These elites have some issues they disagree on, but lots of issues they mostly agree on, and the ones they agree on are the ones that impact the highly wealthy. Where there is consensus, it is the consensus of the elite, for the elite.

In other words -- Jamie Dimon is a Democrat. Robert Rubin is a Democrat. Larry Summers is a Democrat. These are the voices that shape Democratic economic policy, and they are not exactly a group of fiery progressives. They are the evidence of how narrow the difference between the parties is on the issues that the 1% care most about. The issues the parties fight over are by definition issues that guys like these just don't care about. If they cared about them, they would drag the parties kicking and screaming to a consensus just like they have on economic policy.

This is no different than how it was in the first Gilded Age; most of the most notorious political figures from that era were Republicans -- James G. Blaine (http://en.wikipedia.org/wiki/James_G._Blaine) and Roscoe Conkling (http://en.wikipedia.org/wiki/Roscoe_Conkling) come to mind -- but there were plenty of Democrats too, like Boss Tweed (http://en.wikipedia.org/wiki/Boss_Tweed). And all leaders in both parties overwhelmingly hewed to an ideology that business interests were more important than any others.

There are no comments on this comment yet.