Friday, June 10, 2016

Yves Smith on Clinton

Why Some of the Smartest Progressives I Know Will Vote for Trump over Hillary: Even on Wall Street, a powerful Sanders contingent so hates what Clinton stands for—the status quo—they’ll pull the lever for almost anyone else.

One of Smith's Naked Capitalism commenters says, "I have reached the point where I feel like voting for Trump against Clinton would be doing my patriotic duty. . . . If the only way to escape a trap is to gnaw off my leg, I’d like to think I’d have the guts to do it."

Smith says,
[T]he Democratic Party in the Clinton and Obama administrations has consistently embraced and implemented policies that strip workers of economic and legal rights to benefit investors and the elite professionals that serve them. Over time, the “neoliberal” economic order—which sees only good, never bad, in the relentless untrammeling of capital and the deregulation of markets—has created an unacceptable level of economic insecurity and distress for those outside the 1 percent and the elite professionals who serve them.

. . .

The Sanders voters in Naked Capitalism’s active commentariat also explicitly reject lesser-evilism, the cudgel that has previously kept true lefties somewhat in line. They are willing to gamble, given that outsider presidents like Jimmy Carter and celebrity governors like Arnold Schwarzenegger and Jesse Ventura didn’t get much done, that a Trump presidency represents an acceptable cost of inflicting punishment on the Democratic Party for 20 years of selling out ordinary Americans.

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