Against Empire. Matthew T. Eggemeier

Against Empire - Matthew T. Eggemeier


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analysis of the distribution of wealth generated by globalization from 1988 to 2008 provides a clear representation of this reality. He observes that while there was relative growth among the poor in Africa and South Asia (up to 50 percent growth), the emerging middle class in China, India, and Brazil (up to 80 percent growth), and an explosion of wealth among the top 1 percent globally, the middle class in the developed world has grown a grand total of 1 percent over the past thirty years. Virtually every segment of the global population has benefited from globalization.120 Concretely, from 1935 to 1960 the average income in the United States doubled, and from 1960 to 1985 it doubled again.121 Since the 1980s income growth has been flat for the middle class, while the emerging middle class in the global South and the global 1 percent have experienced extraordinary gains. While this is a direct result of globalization (free trade policies), the situation has been amplified by other neoliberal policies: privatization and financialization (the repeal of Glass-Steagall), tax cuts, cuts to social spending, and attacks on redistribution and unionization.

      At least two responses are possible to this situation. As we shall see, the response on the left is to demand a political confrontation between the working class and economic elites and to push for more extensive redistribution of wealth, greater economic protections for the working class (e.g., labor unions), and the expansion of educational opportunities for working-class constituencies. Authoritarian populism offers an alternative by advocating for economic nationalism (“America first”) and the creation of antagonisms between the white working class and workers in emerging economies (Mexico, China, etc.). Trump’s specific style of populism has transformed the rhetoric of neoliberalism by arguing that the state should use its power to serve the needs of the working class (renegotiating free-trade agreements and restoring manufacturing in the United States). During the first three years of his presidency, his signature legislative achievement was a tax reform bill that delivered a tax cut that almost exclusively benefited the top 1 percent. And while Trump has escalated trade wars with China and other countries by imposing tariffs on a variety of goods, there is little evidence that his other policy priorities have uplifted the working-class populations who have been devastated by more than forty years of deindustrialization, globalization, and neoliberal policies.


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