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Benjamin Studebaker — Why Bernie Sanders Matters More Than People Think

Summary:
The Democratic Party is experiencing a Tea Party-like moment that the GOP went through subsequent to the G. W. Bush administration fiasco, an improbable consequence of which was the election of Donald Trump as a "populist" candidate, surprising the pundits, sparking a soft coup attempt, and challenging the GOP establishment. This dynamic is still in play. Now the Democratic Party establishment aka "corporate Democrats." "Clinton Democrats." and "Third Way Democrats" is being similarly challenged by the progressive wing of the party.  This is a fight for control of the levers of power in the Democratic Party. The outcome will become an significant influence on the future of American politics. This promises to be a battle royal. A major realignment is underway in American

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The Democratic Party is experiencing a Tea Party-like moment that the GOP went through subsequent to the G. W. Bush administration fiasco, an improbable consequence of which was the election of Donald Trump as a "populist" candidate, surprising the pundits, sparking a soft coup attempt, and challenging the GOP establishment. This dynamic is still in play.

Now the Democratic Party establishment aka "corporate Democrats." "Clinton Democrats." and "Third Way Democrats" is being similarly challenged by the progressive wing of the party. 

This is a fight for control of the levers of power in the Democratic Party. The outcome will become an significant influence on the future of American politics.

This promises to be a battle royal.

A major realignment is underway in American politics, as well as geopolitics. The old order is crumbling and a new order is being shaped. We are now in an interregnum.
The crisis consists precisely in the fact that the old is dying and the new cannot be born; in this interregnum a great variety of morbid symptoms appear. — Antonio Gramsci (c. 1930)
In terms of the historical dialectic, the old wave has crested and is breaking while the new wave is rising behind it to replace it as the dominant moment (Zeitgeist) that brings a fresh mindset, yet also influenced by hysteresis so not entirely new.

Benjamin Studebaker
Why Bernie Sanders Matters More Than People Think

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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