Skip to main content

The Economic Aspect of Redemption

A common take on the election of Donald Trump is by analogy to the Redemption of the South after the end of Reconstruction in 1876, when white supremacists took over the Republican governments of the southern states and stood up Jim Crow. Here's one from Adam Serwer, here's one from Jamelle Bouie, here's one from Donald Neiman.

I think this is a reasonable way to think about things, so long as we don't lose sight of the fact that nothing on the horizon is remotely as bad as the terrorism-enforced caste system of Jim Crow as yet. However, none of the above takes mention the Panic of 1873, something that was absolutely critical to the death of Reconstruction. This was the second-worst economic collapse in American history, and as tends to happen to the party in power, Republicans were utterly obliterated in the 1874 midterms. They lost 93 seats in the House, and enough state legislatures that 7 Senate seats were lost as well. It was the single biggest wave election of the 19th century.

Elements within the Republican Party tried in 1874 to pass an inflation bill to increase the supply of currency and hopefully restore jobs and output. But they ran headlong into the ideology of the upper class. "To the metropolitan bourgeoisie, it epitomized all the heretical impulses and dangerous social tendencies unleashed by the depression," writes Eric Foner in Reconstruction. Under their pressure, President Grant vetoed the bill.

The Reconstruction-era Republican Party was a coalition between whites in the North, many of them well-to-do, and largely poor blacks in the South. When capitalism had one of its periodic meltdowns, and push came to shove, rich Northern whites decided they would rather have property than democracy. "The depression also pushed reformers' elitist hostility to political democracy and government activism (except in the defense of law and order) to almost hysterical heights," writes Foner. He quotes The Nation explicitly warning of poor southern blacks and poor northern whites forming a "proletariat" that would be "as if they belonged to a foreign nation."

The background to this, of course, is the ongoing debate over the role the unquestionable economic failures of the Obama administration played in Trump's rise. I think Sam Adler-Bell strikes the right balance — not only is this a false dichotomy, it is simply preposterous to think one can provide a full picture of racism without considering class, or vice versa. But when we're talking historical lessons, the one I see from Reconstruction is that any political formation dedicated to protecting broad civil rights must also avoid economic calamity, or fix it immediately if it does strike. Social justice politics cannot survive coupled to neoliberalism and austerity — and conversely, full employment and a strong welfare state are powerful weapons against bigotry.

Comments

  1. I loved this post, Ryan: thank you. 19th-century US history has many many lessons for us right now.

    ReplyDelete

Post a Comment

Popular posts from this blog

Why Did Reality Winner Leak to the Intercept?

So Reality Winner, former NSA contractor, is in federal prison for leaking classified information — for five years and three months, the longest sentence of any whistleblower in history. She gave documents on how Russia had attempted to hack vendors of election machinery and software to The Intercept , which completely bungled basic security procedures (according to a recent New York Times piece from Ben Smith, the main fault lay with Matthew Cole and Richard Esposito ), leading to her capture within hours. Winner recently contracted COVID-19 in prison, and is reportedly suffering some lingering aftereffects. Glenn Greenwald has been furiously denying that he had anything at all to do with the Winner clusterfuck, and I recently got in an argument with him about it on Twitter. I read a New York story about Winner, which clearly implies that she was listening to the Intercepted podcast of March 22, 2017 , where Greenwald and Jeremy Scahill expressed skepticism about Russia actual...

The Setswana Grammar Manual

One of my few successes during my service here was formatting the Peace Corps South Africa grammar manual for Setswana, written mostly by Art Chambers, an SA16 volunteer.  For anyone wanting to learn Setswana, I reckon it's a pretty good primer, so I present it for free here .  If you think it sucks and you want to make changes, or you'd like to take a look at the raw TeX file, you can find it here .

On Refusing to Vote for Bloomberg

Billionaire Mike Bloomberg is attempting to buy the Democratic nomination. With something like $400 million in personal spending so far, that much is clear — and it appears to be working at least somewhat well, as he is nearing second place in national polls. I would guess that he will quickly into diminishing returns, but on the other hand spending on this level is totally unprecedented. At this burn rate he could easily spend more than the entire 2016 presidential election cost both parties before the primary is over. I published a piece today outlining why I would not vote for Bloomberg against Trump (I would vote for Sanders, Warren, Buttigieg, Klobuchar, or Biden), even though I live in a swing state. This got a lot of "vote blue no matter who" people riled up . They scolded me and demanded that I pre-commit to voting for Bloomberg should he win the nomination. The argument as I understand it is to try to make it as likely as possible that whatever Democrat wins t...