You know the old saying about even a broken clock being right twice a day?
Hillary Clinton has given us reason to trot out that old maxim again.
In a recent one-on-one interview at the Shared Value Leadership Summit, Hillary Clinton was heard mentioning yet another reason that she had such a hard time during the 2016 presidential campaign.
She’s too much of a capitalist. (I kid you not – don’t laugh!)
Alan Murray: You may be the only presidential candidate since World War II that actually had to stand up and say, ‘I am a capitalist.’ And you did. Did it hurt you?
Hillary Clinton: Probably. I mean, you know, it’s hard to know but if you’re in the Iowa caucuses and 41% of Democrats are socialists or self-described socialists and I’m asked if you’re a capitalist and I say, ‘Yes, but with appropriate regulation and appropriate accountability,’ that probably gets lost in the, ‘Oh, my God, she’s a capitalist!’
Here’s the thing, and don’t laugh at me when I say this, she’s probably right.
While Hillary Clinton may not be the face of capitalism, she’s too far to the right on economic policy for the modern Democrat Party.
Now, this doesn’t actually mean she’s a good capitalist. In fact, she’s really hardly a capitalist at all. She’s much more of a corporatist (one acquainted with cronyism), she’s cozy with Wall Street and prefers the reins of economic policy be controlled by a few politicians and their corporate enablers. Beyond that, the reality is she’s also closer to socialist than she is capitalist. She prefers higher taxes, more government control of the factors of production, and the socialization of huge segments of the market (like healthcare for example).
All of that being said, she still wasn’t far enough to the Left for the 2016 Democrat electorate. The far-left wing of the party is the base and while they may be in the minority, they are still the energy that drives the Democrats success. When she defeated their socialist messiah, Bernie Sanders, it knocked all of the wind out of their sails and gave Donald Trump a real path to the White House.
So, yes, in a way, Hillary Clinton was right. She wasn’t socialist enough for her base voters.