Black Political Exodus

Podcast 12: The Demise of the Democratic Party:

The DP was taken over by the oligarchs during the Johnson administration. It ceased long ago of being the party of the poor and working classes.King discovered that the American government would never choose financial equality over the interest of the power contending forces. “Economic stagnation makes it impossible to fund both social welfare and higher defense budgets without higher taxes,’ writes King. “Thus, the Democratic Party is coming apart, driven by struggles between the party’s mass base, which needs more, not less, social welfare spending, and its elite constituency, which would prefer to reform the budget process, cut social spending, and raise defense expenditures.”

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