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Left Behind

The Democrats' Failed Attempt to Solve Inequality

ebook
1 of 1 copy available
1 of 1 copy available

The 40-year history of how Democrats chose political opportunity over addressing inequality—and how the poor have paid the price
For decades, the Republican Party has been known as the party of the rich: arguing for “business-friendly” policies like deregulation and tax cuts. But this incisive political history shows that the current inequality crisis was also enabled by a Democratic Party that catered to the affluent.
The result is one of the great missed opportunities in political history: a moment when we had the chance to change the lives of future generations and were too short-sighted to take it.
Historian Lily Geismer recounts how the Clinton-era Democratic Party sought to curb poverty through economic growth and individual responsibility rather than asking the rich to make any sacrifices. Fueled by an ethos of “doing well by doing good,” microfinance, charter schools, and privately funded housing developments grew trendy. Though politically expedient and sometimes profitable in the short term, these programs fundamentally weakened the safety net for the poor.
This piercingly intelligent book shows how bygone policy decisions have left us with skyrocketing income inequality and poverty in America and widened fractures within the Democratic Party that persist to this day.

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    • Publisher's Weekly

      January 10, 2022
      Historian Geismer (Don’t Blame Us) delivers an incisive critique of the Democratic Party’s embrace of “market-based” solutions to social problems in the 1980s and ’90s. Contending that the private sector could “do well by doing good,” Bill Clinton and other “New Democrats” abandoned America’s poorest and most vulnerable people, according to Geismer. She delves into Democrats’ enthusiasm for the kind of “microenterprise” lending programs pioneered by Grameen Bank founder Muhammad Yunus in Bangladesh, and explains how similar initiatives in the U.S., such as the Chicago-based ShoreBank, had difficulty replicating and scaling their early successes. Geismer also claims that the razing of high-rise public housing projects and their replacement with “mixed-income, low-density” housing built by private developers “exacerbated racial segregation, economic inequality, and gentrification.” Elsewhere, she documents how Silicon Valley’s enthusiasm for charter schools made them “effective symbols of the control that wealthy private forces have come to wield over public policy,” and documents the welfare reforms, including a $24 billion cut in food stamps and a “five-year lifetime limit” on receiving benefits, that Clinton signed into law during his 1996 reelection campaign. Framing the story as a tragedy of good intentions gone wrong, Geismer transforms wonky policy matters into an unlikely page-turner. Readers will gain valuable insight into the Clinton presidency and its legacy in today’s distrust between progressives and centrist Democrats.

    • Kirkus

      January 15, 2022
      A history of the Democratic Party's late-20th-century shift from anti-poverty programs focused on redistribution and governmental support to policies reliant on entrepreneurship and the private sector. Beginning in the 1970s, the Democratic Party began to abandon the liberalism of Franklin Roosevelt's New Deal and Lyndon Johnson's Great Society. These so-called New Democrats, writes political historian Geismer, "contended that the forces of banking, entrepreneurialism, trade, and technology, which had created the economic growth and prosperity of the 1990s, could substitute for traditional forms of welfare and aid and better address structural problems of racial and economic segregation. In this vision, government did not recede but served as a bridge connecting the public and private sectors." With the formation of the Democratic Leadership Council, founded in 1984 by several colleagues of Gary Hart, who had just lost the Democratic presidential nomination to Walter Mondale, the New Democrats worked to replace the party's traditional constituencies of labor unions, African Americans, and low-income families with college-educated, nonunionized workers. Anti-poverty policies, moreover, would now emphasize market-based solutions, personal responsibility, and the social obligations of corporations--all ideas that permeated Bill Clinton's administrations. Geismer deftly weaves politics with policy to show how the Democrats reimagined poverty as a market failure. "The New Democrats," she writes, "were genuinely convinced that the market could improve the lives of poor people." The author provides detailed descriptions of the people and ideas behind microloan initiatives, such as SouthBank in Chicago and the Southern Development Bancorporation in Arkansas; Empowerment Zones, "which used tax incentives to lure business into distressed areas"; work-oriented welfare reform; the mixed-income HOPE VI program, designed to replace public housing; and charter schools. At the end of the 20th century, however, the U.S. was more unequal than when the New Democrats began their quest, and post-Trump, the Democratic Party is once again searching for a politically viable and cohesive identity. Catnip for policy wonks and political junkies, offering solid lessons for Democrats going forward.

      COPYRIGHT(2022) Kirkus Reviews, ALL RIGHTS RESERVED.

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