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Blue Contradictions Coming to the Fore - The American Interest
All left wingers think that they will be the party leaders, raking in all the money and enjoying the power. They think they'll be getting money without earning it. That's the essence of the appeal of socialism. The truth of it, though, is that most of them will end up being losers, ground under the heels of the elite.
...Anti-inequality crusaders want a radical minimum wage hike, which will likely have the effect of raising unemployment (and welfare eligibility) among economically deprived blue constituencies. Meanwhile, those most likely to benefit down the line from these kinds of moves [by providing automation to replace minimum wage jobs] are the socially liberal Silicon Valley executives and venture capitalists, who bankroll the Democratic Party despite some of their dearly held libertarian beliefs.
And this is but one example of how the blue model functions as an engine through which savvy wealthy people use the illusions of the Left to extract profit from the poor and working class. Other examples include: Guild protections for elite professionals that raise prices and reduce opportunity for less-credentialed workers; finance regulations that give hedge funds a leg up on less-sophisticated investors; and a constellation of higher ed regulations that enrich top administrators while impoverishing adjuncts and sending students deep into debt.
All left wingers think that they will be the party leaders, raking in all the money and enjoying the power. They think they'll be getting money without earning it. That's the essence of the appeal of socialism. The truth of it, though, is that most of them will end up being losers, ground under the heels of the elite.