Tom Ferguson

Roosevelt Institute Senior Fellow

Recent Posts by Tom Ferguson

  • The English Riots: Just Meaningless Sound and Fury?

    Aug 23, 2011Tom Ferguson

    Zizek misses the point: Austerity politics is a social and economic disaster.

    Zizek misses the point: Austerity politics is a social and economic disaster.

    In a recent essay, Slovenian theorist and literary provocateur Slavoj Zizek attempts to unpack the political meaning of the riots in England. These broke out in response to the shooting of Mark Duggan by the Metropolitan Police and then spread rapidly from London to other cities. Zizek argues that the riots amounted to an exercise in sound and fury signifying nothing -- symptoms of an "ideological-political predicament" in which opposition can only be expressed through meaningless bursts of violence. This is the essence, he suggests, of global capitalism. He takes issue with both conservative and liberal responses, calling out the former for promoting an authoritarian crack down and the latter for trying to find "deeper meaning" in the social and economic conditions faced by the rioters.

    The essay strikes me as similar to a lot of Zizek's other work: too clever by a half, with strained echoes of fashionable appeals across ideological divides reminiscent of, for example, Barack Obama. The difference is that Zizek is a theorist. Thus the discussion is framed in terms of High Theory: an abstract nod first to the left, then another equally ethereal gesture to the right, followed by the claim that both are plainly inadequate.

    Alas, the thinner the ice, the faster Zizek skates. He is impatient to get a theory of resistance going, but the fact is that we are only three years into the Great Recession, so his efforts are a bit premature. If you look back at the Great Depression, you will see that distinctively new patterns of resistance usually took three to four years to form. Until then, there was discontent aplenty, but electorates in advanced countries mostly sullenly voted out the conventional politicians in office and replaced them with one or another of the existing moderate "out" parties. Occasionally, there were riots, and in peripheral countries, much worse. But only after the 1931 European financial crisis (sense a pattern?) dragged the whole world down another notch did real swamp creatures swarm out, as unbearable budget cuts and falling national incomes forced progressive social groups to organize more seriously. So I suspect it will be this time.

    It’s free! Sign up to have the Daily Digest, a witty take on the morning’s key headlines, delivered straight to your inbox.

    In contrast to what Zizek proposes, I doubt that what we see now reveals the inner essence of global capitalism or anything else. It's probably not accidental that he finds political movements in Greece and Spain more constructive -- they are further into the crisis than the Brits, whose turn to the right is brand new. The British riots probably reflect the despair and anger of marginalized populations staggering under early shocks of austerity while local authorities themselves reel from cuts in their own budgets. The world has a lot more experience with macroeconomic austerity than most of the media or social science cares to talk about. The social disasters that sweeping budget cutbacks bring in their wake are plain to anyone who wants to see.

    Zizek is right about one important fact: Repetition is a basic feature of social history. Unfortunately, it's not, as St. Augustine thought, the mother of learning. Its deadly spiral now mostly reflects the indifference of elites, the realities of political power, and wretched theories of free market fundamentalism. Zizek probably knows as well as anyone what Hegel's students reported he said in his famous lectures on Reason in History: "What experience and history teach is this: peoples and governments have never learned anything from history and acted according to what one might have learned from it." The euro crisis and the disastrous G20 Toronto Consensus in favor of austerity will churn world politics for a long time.

    Thomas Ferguson is Professor of Political Science at the University of Massachusetts, Boston and Senior Fellow at the Roosevelt Institute. The International Journal of Political Economy has just published a revised version of his paper with Robert Johnson on "A World Upside Down: Deficit Fantasies in the Great Recession."

    Share This

  • Memo to New York Times: Data Shows That 'We' Are Not Responsible for D.C. Deadlock

    Aug 15, 2011Tom Ferguson

    Pundits should look at data, rather than mirrors, to find the real culprit behind the mess in Washington.

    Pundits should look at data, rather than mirrors, to find the real culprit behind the mess in Washington.

    After this summer's exhausting budget and debt ceiling follies, everyone who can turn on a TV knows that Congress is sharply polarized along party lines. But most pundits are way off on what causes it.  As I've pointed out repeatedly, too many of them miss political money's pivotal role in creating disastrous deadlock. The evidence for this isn't conjectural. It's in the data for any who care to look.

    Virtually all polls, including those of organizations like CBS that poll with the New York Times, acknowledge that public support for cutting Social Security and Medicare is minuscule and that the "no new taxes" posture assumed by Republicans and some Democrats is repudiated even by most members of the Tea Party (for more polls, see here, here, and here). The public is not sharply divided on these issues. Quite the contrary.

    But on Sunday, a Times analyst once again tried to lay the blame for D.C. gridlock on the public. Brushing aside the importance of political money, Sheryl Stolberg instead recycled familiar arguments from various analysts who argue that you and I are responsible: "If Americans want to know why their elected officials can't compromise...perhaps they ought to look in the mirror."

    Analysts and reporters need to stop looking in mirrors and start scrutinizing data. There is little evidence that Congressional polarization is rooted in sharp differences in public sentiment.

    The most popular theory about the origins of polarization is the "cultural wars" approach. In this view, American society has fractured into warring segments over a set of "hot button" issues. Our highly polarized politics, runs the argument, just reflects deep differences over policy and ideology that now separate Americans from one another-- differences that some television commentators profess to believe run deeper than at any time since the Civil War. But this just doesn't hold up. Quite like false 1980s claims that American public opinion had shifted markedly to the right and that Ronald Reagan's magic powers as a "Great Communicator" had established his position as the most popular American president of all time (see Ferguson and Rogers, "Right Turn" and Page and Shapiro, "The Rational Public"), this line is easily refuted by simply aligning data on public opinion over time.

    As Morris Fiorina shows in his 2009 book "Disconnect", whether you rely on Gallup, General Social Survey, or National Election Survey data, sharp ideological shifts in American opinion are not to be found. Between 1972 and 2004, for example, even the much-touted shift in the percentage of the population styling themselves "liberal," "conservative," and "moderate" bounced very little. Between the 1970s and the 2000s, the "liberal" label declined slightly in popularity, but only by about 5 points. All through the period the largest category of people who expressed a preference self-identified as "moderates," while the percentage of people thinking of themselves as extreme conservatives actually fell. As Fiorina and Abrams comment in a 2008 study: "The percentage of exact middle-of-the scale placements was 27% in 1972 and 26% in 2004" (see "Political Polarization in the American Public" in American Political Science Review, 11, 563-589).

    It’s free! Sign up to have the Daily Digest, a witty take on the morning’s key headlines, delivered straight to your inbox.

    Time graphs of the levels of these and similar measurements typically look like near-straight lines. If Americans were really becoming more extreme in their politics, the graphs would look quite different. To the extent any ideological change at all shows, Americans actually appear to be leaning slightly leftward. On some issues, such as same sex marriage, public opinion has moved sharply in that direction.

    Given the mass of contrary data, analysts intent on finding electoral explanations for polarization typically appeal to some version of political "sorting" notions. The idea is that even if there is no basic change in the trend of opinion, perhaps the population is somehow shoehorning itself into more homogeneous political units that then battle out their differences. The most obvious suggestion, again much touted in the media, involves the gerrymandering of legislative districts. This is a testable hypothesis. Many have tested it. The upshot is that while some stunning examples of gerrymandering for partisan advantage certainly exist, such as the lurid Texas case that led to former House Majority Leader Tom DeLay's conviction, many counter-cases can also be found. In general, redistricting cannot possibly account for the observed degree of polarization. This actually should have been obvious all along: U.S. Senate districts have not changed at all, but the Senate exhibits about as much polarization as the House over the same period.

    Many other "sort" theories have been advanced. Everyone knows that Republican strength in the South has surged. But a substantial part of the population was more conservative there to begin with; they didn't change much. It also turns out that the sharpest increases in polarization occurred in the north and east. Most studies of geographic polarization thus end up concluding that geography has been at best a marginal factor.

    Complicating the story by adding references to migration -- of African-Americans from South to North and whites to the South -- does not help much, either. The changes in each party's regional strongholds undoubtedly bolster dominant viewpoints in each party by, for example, increasing the ranks of relative liberals in the Northeast and conservatives in the south and west. So differences between the parties should grow more distinct, right?

    Wrong. Fiorina's points about the lack of change in Southern opinion on policy and polarization above the Mason-Dixon line remain stumbling blocks. Pointing to all the intensely partisan Republican representatives who come from the Sunbelt is not an answer, but just reframes the question.

    The one form of "sort" theory with traction actually undermines the logic of explaining political change over time through it. Studies by Fiorina and Levendusky are persuasive that individuals who hold specific "hot button" attitudes that political parties choose to highlight, such as abortion, gay rights, or stem cell research, tend to migrate toward the party championing those issues. But this research also shows that the phenomenon is miniscule -- usually only a few percentage points. In reality, huge numbers of people holding hot button attitudes continue to affiliate with the "wrong" political party. Most also do not change their broader ideological label when they drift. So the overall ability of labels like "liberal" or "moderate" or "conservative" to predict positions even in most sensitive issue areas is still usually limited.

    The conclusion has to be that "sorting" was a minor part of all the sound and the fury that came with polarization; it cannot be the Archimedean lever that moved the American political world. That was political money.

    As I recently pointed out in the Financial Times, a tidal wave of political cash that emerged in the 1970s has washed away the remnants of the old seniority system in Congress, drastically changing the way that body operates. In its place, Congress now uses a system of "posted prices" for selecting who serves on committees and assumes leadership positions. Individual members of Congress compete for key slots by raising enormous amounts of money not only for themselves, but for the national congressional and senatorial campaign committees. These are controlled by Congressional party leaders. The leaders' control of these committees, along with the vast fixed investments in research, polling, and media capabilities these committees maintain, gives them more leverage over individual Congressmen and women. It makes crossing party lines far more costly than, for example, in the nineteen fifties.

    In dividing so sharply and refusing compromises, Congress is listening primarily to those who contribute political money, not the public. As a political slogan "No new taxes" was around long before the Tea Party. It is the mantra not of the public, but of a huge swath of super-rich Americans. In an op-ed in today's New York Times, Warren Buffett readily acknowledges this simple truth. So should reporters who purport to analyze the roots of America's current political stalemate.

    Thomas Ferguson is Professor of Political Science at the University of Massachusetts, Boston and Senior Fellow at the Roosevelt Institute. This essay borrows from his recent paper, "Legislators Never Bowl Alone: Big Money, Mass Media, and the Polarization of Congress."

    Share This

  • Dodd-Frank: Whose Law Is It, Anyway?

    Jul 21, 2011Tom Ferguson

    One year later, the big banks are more dangerous and reckless than ever. And they are crafting the very legislation meant to keep them in check.

    Who would have guessed that the World Spirit has such a sense of humor?

    One year later, the big banks are more dangerous and reckless than ever. And they are crafting the very legislation meant to keep them in check.

    Who would have guessed that the World Spirit has such a sense of humor?

    A year to the day after Dodd-Frank allegedly gave regulators the powers they need to save us from reckless banks that are too big to fail, government officials, bankers, and regulators are meeting in Europe. They are trying to cobble together yet another rescue plan for Greece, while Portugal and Ireland wait desperately in the wings and Spain and Italy hold their breath. If the Eurocrats fail, any number of banks could knock over, bringing the world a "Lehman in reverse." Only slightly less sensationally, there is a real chance that the European pow wow could lead to a "credit event" that would force financial houses that sold credit default swap protection (aka: insurance) against loan defaults to pay up.

    Now here's the really fun part: Remember AIG? American financial houses are widely believed to have written billions of dollars worth of those credit default swaps. Alas, the Fed and the Treasury do not know who is on the hook for how much. They hope, but cannot say for sure, that another AIG is not out there somewhere, capable of triggering chain bankruptcy again or starting big runs on money market funds.

    It’s free! Sign up to have the Daily Digest, a witty take on the morning’s key headlines, delivered straight to your inbox.

    That's the Dodd-Frank "reform" in action. Sure, you can respond that this is only to be expected since, as Michael Hirsh reported in Newsweek, Congressman Barney Frank's committee allowed Goldman Sachs to proffer nine pages of amendments to drafts of the bill covering derivatives.  But I think this is too tepid. What's happening with financial reform is not just business as usual. The money-driven American political system has now spun completely out of control. It imperils us all. We may escape this time, but the incentives are still there for the monsters to keep taking risks until they have to be bailed out by us again.

    Thomas Ferguson is Professor of Political Science at the University of Massachusetts, Boston and Senior Fellow at the Roosevelt Institute

    Share This

  • From New Deal to Raw Deal: The Real Economics of Cutting Social Security

    Jul 7, 2011Tom FergusonRobert Johnson

    social-security-200Contrary to the mainstream media and D.C. drumbeat, Social Security has little to do with the federal deficit. So why is there talk of cutting it?

    social-security-200Contrary to the mainstream media and D.C. drumbeat, Social Security has little to do with the federal deficit. So why is there talk of cutting it?

    This morning the Washington Post reported that the White House is offering to cut Social Security as part of a broader budget deal with the Republicans. At last we have the answer to the question everyone has been asking about the Democrats: How far can they go?

    The financial collapse of 2008 has taught us to be skeptical of economic forecasts that simply spin trends out into an indefinite future. Most central bankers, economists, and business leaders failed not only to foresee, but even to imagine, the colossal dimensions of that catastrophe.

    Now, however, the very people who said that there was no way for regulators to recognize financial bubbles in advance predict budget gloom and doom. Scary charts of the time path of U.S. debt to GDP ratios -- many originating from the Peterson Foundation -- fill the media, along with specious arguments about how budgets affect national income.

    The strangest of these debates involve Social Security. The "arguments" here sort mostly into two groups: One rails on about how "runaway entitlements" are leading to a deficit explosion. The other advises that Social Security can be "saved" in the long run by timely changes, typically involving a mix of taxes and benefit cuts, including, notably, yet another rise in the age of eligibility for the program.

    Neither point of view makes much sense. The simple fact is that the deficit did not swell tidally until the financial crisis hit. While George W. Bush's tax cuts destroyed the Clinton budget surpluses, enough tax revenues trickled in to keep the deficit from blowing out until the economic equivalent of Hurricane Katrina hit in the fall of 2008. It was the one-two punch of the bank bailouts and the Great Recession that led to today's giant gap between general revenues and expenditures.

    But even now there is no near term threat to Social Security's solvency. In 1983, Congress enacted into law recommendations of the Greenspan Commission to raise Social Security taxes to cover the retirement bulge coming from baby boomers. Since then, the program has piled up enormous surpluses. These have been invested in government bonds, thus helping to finance the rest of the government.

    The 2011 Report of the Trustees of the Social Security Trust Fund projects that the Trust Fund and interest earnings from it will suffice to cover all benefit payments until 2036. Even then, the Fund would not be empty -- the Report projects that tax revenues will still cover approximately 75% of promised benefits until 2085. Talk of the bankruptcy of Social Security is hot air.

    Join us at the Hamptons Institute July 15-17 to hear distinguished speakers take on today’s most pressing issues!

    2036 is a long way off. The argument in 2011 is about whether there is any reason to do anything at all right now. The case pressed by self-proclaimed "rescuers" of Social Security such as Peter Orszag, the former head of the Obama administration's Office of Management and Budget who has since accepted a position at Citigroup, is unpersuasive.

    The first yellow flag is Orszag's frank acknowledgment that Social Security features barely at all in any putative budget short fall: "Social Security is not the key fiscal problem facing the nation. Payments to its beneficiaries amount to 5 percent of the economy now; by 2050, they're projected to rise to about 6 percent."  A rise of 1% in four decades! Former Senator Alan K. Simpson, co-chair of the President's deficit commission, claimed that his group's deficit report "harpooned all the whales in the ocean, and some of the minnows." Lost in the blaze of publicity about the Commission is the crucial fact that Social Security is plainly one of the minnows.

    But the whole discussion is even fishier. If any shortfall ever materializes, it could easily be made up by transfers from general tax revenues, though that would breach the long maintained fiction that Social Security is a contributory system on the model of most private insurance. (It is actually a pay as you go system, where current taxes pay benefits to current beneficiaries, with the final guarantee of the whole system's soundness being, in the last analysis, the success of the economy as a whole.) But if fears about 2036 are unbearable, plenty of ways exist that would fix the program without threatening anyone's life support system.

    Between 2002 and 2007, for example, the richest 1% of Americans garnered 62% of all income gains, while the bottom 90% of the population saw their incomes grow by 4%. At the same time, thanks to the Bush tax cuts, the rich were also paying proportionately fewer taxes. Considering that ordinary Americans fronted most of the money for the bank bailouts and have endured most of the recession's "collateral damage," it seems only simple justice that if the program needs fixing, the best way to do it would be to raise the ceilings on earnings subject to the Social Security tax, which is currently only $106,800. That would put the burden on people who cannot plausibly claim to be suffering.

    But if, for example, productivity runs even slightly higher than in the forecasts, there may be no shortfall of any kind. Considering that the projected shortfall is still a quarter century away, there is no good reason to tinker with a program that, as the Washington Post editorialized in 2005, provides the majority of income "for nearly two-thirds of the elderly...[and] the only source of income for one-fifth of all elderly people, for 25 percent of non-married elderly women, and for 38 percent of elderly African Americans and Hispanics."

    But Orszag and others who agree that the program makes at most a minor dent in the budget, nevertheless argue for "fixing" it now. Their reason is remarkable: As Orszag frankly confesses, "even though Social Security is not a major contributor to our long-term deficits, reforming it could help the federal government establish much-needed credibility on solving out-year fiscal problems." Cut benefits, in other words, simply to prove to financial markets that the government can do it. As Paul Krugman observes, this position is tantamount to claiming that we should cut Social Security now, because we might have to do it in the future. Polls show strong public opposition to cuts in Social Security. Considering the havoc that the financial crisis wreaked on the home values and pensions of ordinary Americans, proposals that Democrats should roll over and join Republicans and the Peterson Foundation in cutting Social Security is outlandish. As profits for the banks the American people rescued soar, it marks a new low in the Democratic Party's long retreat from the New Deal's glittering promise that ordinary Americans, too, deserved to share in prosperity.

    This essay is adapted from Thomas Ferguson and Robert Johnson's "A World Upside Down: Deficit Fantasies in the Great Recession," just appearing in the new issue of the International Journal of Political Economy (Vol. 40, No. 1, pp. 3-47). That essay is a revised and expanded version of their Working Paper for the Roosevelt Institute.

    Thomas Ferguson is Professor of Political Science at the University of Massachusetts, Boston and Senior Fellow at the Roosevelt Institute.

    Rob Johnson is a Senior Fellow and the Director of the Project on Global Finance at the Roosevelt Institute.

    Share This

  • "Standstill Nation" as the New Abnormal? Tom Ferguson Exposes Truth Behind Gridlock.

    Jun 20, 2011Tom Ferguson

    Gridlock is not a reflection of 'the way things have always been'. It's the result of a GOP-conjured tide of money that emerged in the mid-80s and 90s, leaving us polarized and paralyzed.

    Gridlock is not a reflection of 'the way things have always been'. It's the result of a GOP-conjured tide of money that emerged in the mid-80s and 90s, leaving us polarized and paralyzed.

    On Sunday, the New York Times closed out its “Week in Review” section after a run of 76 years. With Republicans and most Democrats back singing the praises of deregulation, smaller government, and tax cuts less than three years after that old song brought the world to its knees, we should probably have expected a grateful “Invisible Hand” would drop by to wave goodbye.

    And so it happened. Times correspondent Peter Baker celebrated the famous Hand’s magical ability to resolve not economic complexity, but political stalemate. “Mad at Beltway gridlock and can’t take it anymore?” asked the headline. To which Baker answered: “Paralysis (alas) is one way things are supposed to work.” He went on to explain that “for all the handwringing about how the system is broken, this is the system as it was designed and is now adapted for the digital age.” In support of this complacency, Baker enlisted Vice President Joe Biden, who “emerged last week to defend the system’s ability to get things done despite all appearances to the contrary. It may be maddening, it may be drawn out, but he argued, at the end of the day, Washington does what it has to do."

    Thus Baker’s argument continued, leavened only by a few careful hedges noting that reality has not as yet conformed to this Panglossian script and that unemployed Americans might assess the government’s paralysis a little differently. At the very end, Baker cautiously put forward a suggestion first broached by Peter Orzag, formerly President Obama’s budget chief before he fled to Citigroup, that the Hand might, like so many other aging Americans, benefit from a prosthesis: legislation that would remorselessly chop government programs unless Congress acted to stop it.

    Let’s try to clarify why Congress is actually gridlocked. The bottom line is, alas, a bottom line. It is not complicated. And it has nothing to do with any design for a digital age, as Baker proposes.

    In the mid-1980s, a group of insurgent Republicans broke with the long established norms governing how the U.S. House of Representatives transacted business. Led by Newt Gingrich, it derided older Republican House leaders as timid, unimaginative, and too inclined to compromise with Democrats. Self-styled “revolutionaries” launched vigorous public attacks on Democrats as they trumpeted their own agenda of deregulation, budget cuts, lower taxes, and a baker’s dozen of social issues, from abortion to opposition to all forms of gun control.

    Result? The House boiled over. Statistical measures of Congressional behavior show that party line votes jumped sharply.

    Gingrich and his allies were painfully aware that transforming the GOP’s gains at the presidential level into a true “critical realignment” of the political system as a whole required breaking the Democratic lock on Congress. So they shattered all records for Congressional fundraising in their drive to get control of the House. Their success in this and their parallel campaign to rally major parts of the media to their standard are what polarized the system. The GOP insurgents emphasized fundraising, not just through the usual publicly reported vehicles like the national party committees, but also GOPAC, a political action committee that Gingrich had controlled since 1986, which operated mostly in secret.

    Sign up for weekly ND20 highlights, mind-blowing stats, and event alerts.

    In 1992, in the midst of a recession, the Republicans lost the White House. But their dreams of a sweeping political realignment did not die. In fact, by clearing centrist Republicans out of their perches in the White House, the loss probably helped Gingrich and his allies.

    Completely undaunted, Gingrich, Republican National Chair Haley Barbour, and National Republican Senatorial Committee Chair Phil Gramm orchestrated a vast national campaign to recapture Congress for the Republicans in the 1994 elections. With the economy stuck in a “jobless recovery” and Democratic fundraising sputtering, the Republicans won control of both houses of Congress.

    The tidal wave of political money they conjured allowed Gingrich, Gramm, Barbour and Co., to brush aside older, less combative center-right Republican leaders and persist in their efforts to roll back the New Deal and remake American society in the image of free market fundamentalism. Once in power, the Republicans institutionalized sweeping rules changes in the House and the Republican caucus that vastly increased the leadership’s influence over House legislation. They also implemented a formal “pay to play” system that had both inside and outside components.

    On the outside, DeLay and other GOP leaders, including Grover Norquist, who headed Americans for Tax Reform, mounted a vast campaign (the so-called “K Street Project”) to defund the Democrats directly by pressuring businesses to cut off donations and avoid retaining Democrats as lobbyists. Inside the House, Gingrich made fundraising for the party a requirement for choice committee assignments. Senate Republicans, led by Phil Gramm and other apostles of deregulation, emulated the House.

    And so, alas, did the Democrats. Watching the Republicans restructure their national political committees into giant ATMs capable of financing broad national campaigns left the Democrats facing the same dilemma they had in the late seventies, as the GOP’s Golden Horde first formed up behind Ronald Reagan. Democrats could respond by mobilizing their older mass constituencies. Or they could emulate the Republicans and just chase money. That battle had been settled in favor of so-called “New Democrats” (see Thomas Ferguson and Joel Rogers, "Right Turn"). Dependent for many years on campaign money from leading sectors of big business where regulation kept recreating divisions – notably finance and telecommunications (Ferguson, "Golden Rule") – the Democrats reconfirmed their earlier decision to go for the gold.

    They followed the Republicans and transformed both the national party committees and their Congressional delegations into cash machines, with leaders in each chamber, but especially the House, wielding substantially more power than at any time since the famous revolt that overthrew Speaker Cannon in 1910-11. As the Republicans moved further and further to the right, the Democrats did, too, constrained only by the need to preserve something of their mass base.

    A feedback loop running between Congress and the mass media intensified the whole process: Congressional leaders of both parties now focused intently on creating sharper party profiles (“brands”) that would mobilize potential outside supporters and contributors. So they spent enormous amounts of time and money honing messages that were clear and simple enough to attract attention as they ricocheted out through the media to an increasingly jaded public. And they and the Republican leadership staged more and more votes not to move legislation, but to score points with some narrow slice of the public or signal important outside constituencies. For the same reasons, they made exemplary efforts to hold up bills by prolonging debate or, in the Senate, putting presidential nominations on hold.

    Contrary to what popular pundits may say, there is nothing “normal” or constructive about a Congress dominated by centralized parties. We should not accept a Congress presided over by leaders with far more power than in recent decades, running the equivalent of hog calls for resources, trying to secure the widest possible audiences for their slogans and projecting their claims through a mass media that was more than happy to play along with right thinking spokespersons of both parties. The idea that putting government programs on an automatic chopping block is a step forward is equally outlandish. This is hardly government “doing what it has to do.” It may be what it is paid to do. But no one should confuse this with public policy that serves the interests of all Americans.

    Thomas Ferguson is Professor of Political Science at the University of Massachusetts, Boston and Senior Fellow at the Roosevelt Institute. This essay is adapted from his “Legislators Never Bowl Alone: Big Money, Mass Media, and the Polarization of Congress,” presented at the Institute for New Economic Thinking’s Bretton Woods Conference.

    Share This

Pages