I’ve read a few folks arguing that the new divide is not Left vs Right, but Accel vs Decel. I disagree. The real divide is between Global Capital and family capital*, by which I mean the assets that regular families have.
We’re seeing aggressive resistance to (and promotion of) ever greater financialization on both the traditional left and right.
Regular folks will be pushing back against anything that smells like it will further consolidate markets and undermine opportunity for small businesses and individuals.
Meanwhile, the NeoCons and Corporatist Dems are best friends and both are super cozy with BigAg, BigPharma, and the MIC.
Another way to describe this change is Centralization vs Subsidiarity.
Main Street used to be filled with local family owned businesses. Now it’s Super Walmart and Dollar General. This happened pretty abruptly and people are beginning to wake up to how and why; they’re recognizing that small businesses’ interests are no longer (and indeed never were) aligned with those of Goldman Sachs or Pulte. Today, a small business’ interests are more aligned with the working class, and the interests of Sequoia Capital are more aligned with a global non-profit advocating for “green” energy.
The global capital financializing accels are quite comfortable breaking bread with the global capital centralizing decels; it’s the existence of yeoman that neither can abide.
The real conflict is BlackRock and Pfizer vs your local remodeler and neighborhood cafe.
* I heard someone else use the Global Capital vs family capital framing, and I wish I could remember who that was.