I now see the Democratic Party as the party of the poor and intelligentsia of identifiable minority groups, unionized workers, and the hyper-educated. The white part of the intelligentsia splits about 50-50, and the Republicans now have the under-educated and poor whites and the elites of ownership and management. Republicans have the overwhelming power in economics, and in a plutocratic culture that can be decisive for a while... like a Third Turning in which the Free Market becomes an idol in all but name. For the poor the Free Market becomes a Moloch. Minorities have always recognized the Free Market mostly for its freedom to do nasty things to people. White people have been slower to catch onto that fact.
Idol is a good description for a Free Market. I would call it an unattainable myth like Georges Sorel's Myth of the General Strike (the idea that if all workers in all industries could go out on strike there would be rule by workers).
To wit:
Georges Sorel (1847-1922) stated his theory of social myths most clearly in a letter to Daniel Halevy in 1907, from which these selections are taken. Sorel was a socialist, a syndicalist, and after 1917, a vigorous admirer of Lenin. His anti-intellectualism and his passion for revolutionary activity in place of rational discourse made him most influential in shaping the ultimate direction of fascism, especially in Mussolini's Italy.
* * * * *
...Men who are participating in a great social movement always picture their coming action as a battle in which their cause is certain to triumph. These constructions, knowledge of which is so important for historians, I propose to call myths; the syndicalist "general strike" and Marx's catastrophic revolution are such myths. As remarkable examples of such myths, I have given those which were constructed by primitive Christianity, by the Reformation, by the Revolution and by the followers of Mazzini. I now wish to show that we should not attempt to analyze such groups of images in the way that we analyze a thing into its elements, but that they must be taken as a whole, as historical forces, and that we should be especially careful not to make any comparison between accomplished fact and the picture people had formed for themselves before action.
I could have given one more example which is perhaps still more striking: Catholics have never been discouraged even in the hardest trials, because they have always pictured the history of the Church as a series of battles between Satan and the hierarchy supported by Christ; every new difficulty which arises is only an episode in a war which must finally end in the victory of Catholicism.
In employing the term myth I believed that I had made a happy choice, because I thus put myself in a position to refuse any discussion whatever with the people who wish to submit the idea of a general strike to a detailed criticism, and who accumulate objections against its practical possibility. It appears, on the contrary, that I had made a most unfortunate choice, for while some told me that myths were only suitable to a primitive state of society, others imagined that I thought the modern world might be moved by illusions analogous in nature to those which Renan thought might usefully replace religion. But there has been a worse misunderstanding than this even, for it has been asserted that my theory of myths was only a kind of lawyer's plea, a falsification of the real opinions of the revolutionaries, the sophistry of an intellectual.
If this were true, I should not have been exactly fortunate, for I have always tried to escape the influence of that intellectual philosophy, which seems to me a great hindrance to the historian who allows himself to be dominated by it.
In can understand the fear that this myth of the general strike inspires in many
worthy progressives, on account of its character of
infinity, the world of today is very much inclined to return to the opinions of the ancients and to subordinate ethics to the smooth working of public affairs, which results in a definition of virtue as the golden mean; as long as socialism remains a
doctrine expressed only in words, it is very easy to deflect this implies an absolute revolution. You know as well as I do that all that is best in the modern mind is derived from this "torment of the infinite"; you are not one of those people who look upon the tricks by means of which readers can be deceived by words, as happy discoveries. That is why you will not condemn me for having attached great worth to a myth which gives to socialism such high moral value and such great sincerity. It is because the theory of myths tends to produce such fine results that so many seek to refute it....
As long as there are no myths accepted by the masses, one may go on talking of revolts indefinitely, without ever provoking any revolutionary movement; this is what gives such importance to the general strike and renders it so odious to socialists who are afraid of a revolution....
The revolutionary myths which exist at the present time are almost free from any such mixture; by means of them it is possible to understand the activity, the feelings and the ideas of the masses preparing themselves to enter on a decisive struggle: the myths are not descriptions of things, but expressions of a determination to act. A Utopia is...and intellectual product; it is the work of theorists who, after observing and discussing the known facts, seek to establish a model to which they can compare existing society in order to estimate the amount of good and evil it contains. It is a combination of imaginary institutions having sufficient analogies to real institutions for the jurist to be able to reason about them; it is a construction which can be taken to pieces, and certain parts of it have been shaped in such a way that they can...be fitted into approaching legislation. While contemporary myths lead men to prepare themselves for a combat which will destroy the existing state of things, the effect of Utopias has always been to direct men's minds towards reforms which can be brought about by patching up the existing system; it is not surprising, then, that so many makers of Utopias were able to develop into able statesmen when they had acquired a greater experience of political life. A myth cannot be refuted, since it is, at bottom, identical with the conviction of a group, being the expression of these convictions in the language of movement; and it is, in consequence, unanalyzable into parts which could be placed on the plane of historical descriptions. A Utopia, on the other hand, can be discussed like any other social constitution; the spontaneous movements it presupposes can be compared with the movements actually observed in the course of history, and we can in this way evaluate its verisimilitude; it is possible to refute Utopias by showing that the economic system on which they have been made to rest is incompatible with the necessary conditions of modern production.
For a long time Socialism was scarcely anything but a Utopia; the Marxists were right in claiming for their master the honor of bringing about a change in this state of things; Socialism has now become the preparation of the masses employed in great industries for the suppression of the State and property; and it is no longer necessary, therefore, to discuss how men must organize themselves in order to enjoy future happiness; everything is reduced to the revolutionary apprenticeship of the proletariat. Unfortunately Marx was not acquainted with facts which have now become familiar to us; we know better than he did what strikes are, because we have been able to observe economic conflict of considerable extent and duration; the myth of the "general strike" has become popular, and is now firmly established in the minds of the workers; we possess ideas about violence that it would have been difficult for him to have formed; we can then complete his doctrine, instead of making commentaries on his text, as his unfortunate disciples have done for so long.
In this way Utopias tend to disappear completely from Socialism; Socialism has no longer any need to concern itself with the organization of industry since capitalism does that....
People who are living in this world of "myths," are secure from all refutation; this has led many to assert that Socialism is a kind of religion. For a For a long time people have been struck by the fact that religious convictions are unaffected by criticism, and from that they have concluded that everything which claims to be beyond science must be a religion. It has been observed also that Christianity tends at the present day to be less a system of dogmas than a Christian life, i.e., moral reform penetrating to the roots of one's being; consequently, new analogy has been discovered between religion and the revolutionary Socialism which aims at the apprenticeship, preparation, and even reconstruction of the individual -- a gigantic task....
...by the side of Utopias there have always been myths capable of urging on the workers to revolt. For a long time these myths were founded on the legends of the Revolution, and they preserved all their value as long as these legends remained unshaken. Today the confidence of the Socialists is greater than ever since the myth of the general strike dominates all the truly working-class movement. No failure proves anything against Socialism since the latter has become a work of preparation (for revolution); if they are checked, it merely proves that the apprenticeship has been insufficient; they must set to work again with more courage, persistence, and confidence than before; their experience of labor has taught workmen that it is by means of patient apprenticeship that a man may become a true comrade, and it is also the only way of becoming a true revolutionary.
[Source: The full text of Sorel's Letter to Daniel Halevy is presented in his Reflections on Violence (1908), trans. T. E. Hulme and J. Roth, (New York: Collier, 1950), pp.26-56.]
To which I might add that businesspeople are just as subject to the power of myth as working people. What Georges Sorel was for socialism, Ayn Rand was for neo-liberal capitalism.
The truth of the matter is that no market can be completely free any more than a perpetual motion machine is possible. All markets are rigged, consciously or unconsciously.
In the 1950s the Republicans had the intelligentsia as a reliable voting bloc -- which probably explains why I see Obama victories closer in style to those of Eisenhower than to those of anyone else. That vote has swung Democratic as the Republican Party has adopted anti-intellectualism as a campaign tool and as public policy.
Indeed. The Republican Party during and after Reagan discovered the power of myth.
To truly accept the Free Market one must see the desirability of its most destructive ways. A Free Market is eminently capable of creating great needs in people that the market allows them to meet only in destructive, degrading, and wasteful ways. It can compel people to sell out their dreams in desperation, which is hardly a model of freedom. It can compel people to waste their talents and lure people into underdevelopment of their humanity. It can cast off people just to establish who is Boss -- Wealth that at times can destroy human happiness.
People can succeed as hustlers because of their greed. People can be good workers solely out of need. But achievement of anything else? I'm not so sure.