Corporatism and Anti-Corporatism

Glenn Greenwald explores the major fault line in the American Left, the corporatist and anti-corporatist wings of the Democratic Party:

As I've written for quite some time, I've honestly never understood how anyone could think that Obama was going to bring about some sort of "new" political approach or governing method when, as Kilgore notes, what he practices -- politically and substantively -- is the Third Way, DLC, triangulating corporatism of the Clinton era, just re-packaged with some sleeker and more updated marketing. At its core, it seeks to use government power not to regulate, but to benefit and even merge with, large corporate interests, both for political power (those corporate interests, in return, then fund the Party and its campaigns) and for policy ends. It's devoted to empowering large corporations, letting them always get what they want from government, and extracting, at best, some very modest concessions in return. This is the same point Taibbi made about the Democratic Party in the context of economic policy:

The significance of all of these appointments isn't that the Wall Street types are now in a position to provide direct favors to their former employers. It's that, with one or two exceptions, they collectively offer a microcosm of what the Democratic Party has come to stand for in the 21st century. Virtually all of the Rubinites brought in to manage the economy under Obama share the same fundamental political philosophy carefully articulated for years by the Hamilton Project: Expand the safety net to protect the poor, but let Wall Street do whatever it wants.

In Canadian terms, this is the heart of the division between the Liberals and the NDP, and the reason why the occasional calls for mergers or pacts between the two parties are unlikely to ever come to anything while the Liberals base all their policies on 'letting Bay Street do whatever it wants.'