Thomas Piketty says Bernie Sanders' electoral strategy is the way to beat back the right [View all]

New paper explores how both parties were captured by the “elite,” leaving a politically rudderless underclass

KEITH A. SPENCER
03.27.2018•4:58 AM

Excerpt:

In a new paper, French political economist Thomas Piketty, author of the bestselling 2013 book "Capital in the Twenty-First Century," argues that Western political parties on the right and left have both become parties of the "elites."

"Using post-electoral surveys from France, Britain and the US, this paper documents a striking long-run evolution in the structure of political cleavages," Piketty writes in the abstract. He goes on to explain the political changes that have happened since the 1950s and 1960s, when "the vote for left-wing (socialist-labour-democratic) parties was associated with lower education and lower income voters" — in other words, the Labour Party of the United Kingdom, the Socialist Party of France and the Democratic Party of the United States were considered parties that supported and helped destitute and less-well-educated voters.

Yet over time, those parties, Piketty explains, "gradually become associated with higher education voters," which he describes as creating a system of "multiple-elite" parties where "high-education elites now vote for the 'left,' while high-income/high-wealth elites still vote for the 'right' (though less and less so)." In other words, both sides of the spectrum became parties of the elite, with no party for less educated folks or the working class.

Piketty argues that this situation "contributes to rising inequality and lack of democratic response to it," as well as the rise of populists like Trump, Marine Le Pen in France and Nigel Farage in Britain. "Without a strong egalitarian-internationalist platform, it is difficult to unite low- education, low-income voters from all origins within the same party," he writes.

https://www.salon.com/2018/03/27/pikettys-new-paper-vindicates-bernie-sanders-electoral-strategy/