America’s two major political parties have a contemptuous view of their voters. Their respective stewards don’t think you’re capable of holding two thoughts in your head at the same time. They believe you are allergic to the concepts of tradeoffs, unintended consequences, and delayed gratification. Populist Republicans congratulate themselves on cracking American democracy’s code by promising the public expensive new services and costly protectionist schemes that shield uncompetitive industries from the ravages of the market, all while reducing the tax burden on the majority of taxpayers. Democrats long ago perfected this irresponsible appeal to the electorate. So, an unquestioned consensus has now formed around the need to promise voters the world on credit.
What has this gotten the two parties? Parity. Neither party commands the affection of its voters. Each thrives on its constituents’ distaste for the other guys. This formula has failed to expand either party’s coalition, but it’s the only formula they’ve got. Thus, in the effort to cobble together the barest of possible majorities, our presidential aspirants are furiously improvising.






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