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The End of Loser Liberalism: Making Markets Progressive

Saturday, 10 September 2011 07:38 By Dean Baker, Center for Economic and Policy Research | News Analysis
The End of Loser Liberalism Making Markets Progressive

(Image: Center for Economic and Policy Research)

Progressives need a fundamentally new approach to politics. They have been losing not just because conservatives have so much more money and power, but also because they have accepted the conservatives’ framing of political debates. They have accepted a framing where conservatives want market outcomes whereas liberals want the government to intervene to bring about outcomes that they consider fair.

This is not true. Conservatives rely on the government all the time, most importantly in structuring the market in ways that ensure that income flows upwards. The framing that conservatives like the market while liberals like the government puts liberals in the position of seeming to want to tax the winners to help the losers. 

This "loser liberalism" is bad policy and horrible politics. Progressives would be better off fighting battles over the structure of markets so that they don't redistribute income upward. This book describes some of the key areas where progressives can focus their efforts in restructuring market so that more income flows to the bulk of the working population rather than just a small elite.

By releasing The End of Loser Liberalism: Making Markets Progressive under a Creative Commons license and as a free download, Baker walks the walk of one of his key arguments -- that copyrights are a form of government intervention in markets that leads to enormous inefficiency, in addition to redistributing income upward. (Hard copies will be available for purchase, at cost, in the near future.)  Distributing the book for free not only enables it to reach a wider audience, but Baker hopes to drive home one of the book's main points via his own example. While the e-book is free, donations to the Center for Economic and Policy Research are welcomed.

Dean Baker

Dean Baker is a macroeconomist and co-director of the Center for Economic and Policy Research in Washington, DC. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. He is a regular Truthout columnist and a member of Truthout's Board of Advisers.

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The End of Loser Liberalism: Making Markets Progressive

Saturday, 10 September 2011 07:38 By Dean Baker, Center for Economic and Policy Research | News Analysis
The End of Loser Liberalism Making Markets Progressive

(Image: Center for Economic and Policy Research)

Progressives need a fundamentally new approach to politics. They have been losing not just because conservatives have so much more money and power, but also because they have accepted the conservatives’ framing of political debates. They have accepted a framing where conservatives want market outcomes whereas liberals want the government to intervene to bring about outcomes that they consider fair.

This is not true. Conservatives rely on the government all the time, most importantly in structuring the market in ways that ensure that income flows upwards. The framing that conservatives like the market while liberals like the government puts liberals in the position of seeming to want to tax the winners to help the losers. 

This "loser liberalism" is bad policy and horrible politics. Progressives would be better off fighting battles over the structure of markets so that they don't redistribute income upward. This book describes some of the key areas where progressives can focus their efforts in restructuring market so that more income flows to the bulk of the working population rather than just a small elite.

By releasing The End of Loser Liberalism: Making Markets Progressive under a Creative Commons license and as a free download, Baker walks the walk of one of his key arguments -- that copyrights are a form of government intervention in markets that leads to enormous inefficiency, in addition to redistributing income upward. (Hard copies will be available for purchase, at cost, in the near future.)  Distributing the book for free not only enables it to reach a wider audience, but Baker hopes to drive home one of the book's main points via his own example. While the e-book is free, donations to the Center for Economic and Policy Research are welcomed.

Dean Baker

Dean Baker is a macroeconomist and co-director of the Center for Economic and Policy Research in Washington, DC. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. He is a regular Truthout columnist and a member of Truthout's Board of Advisers.

Related Stories

Bond Market Blackmail
By James Kwak, Baseline Scenario | Op-Ed
Mass Marketing Goes Platinum
By Jim Hightower, Other Words | Op-Ed

Hide Comments

blog comments powered by Disqus