menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

The Reign of Corporate Democrats Is Coming to an End

12 0
19.08.2026

Most discussions about the Democratic Party in this election cycle focus on the remarkable rise of progressive Democrats (such as Florida state Rep. Angie Nixon, a democratic socialist who yesterday scored an upset win in the Democratic contest for the Florida Senate).

An equally big story is the remarkable decline of corporate Democrats.

Some Democrats worry about this. My old friend Democratic strategist James Carville compares the current wave of progressive primary wins to progressive campaigns in 2016 — especially that of Bernie Sanders — that he believes fractured the Democratic coalition.

“Bernie Sanders is the reason that Donald Trump is president,” Carville said recently, claiming that Bernie’s primary challenge to Hillary Clinton convinced voters in battleground states that establishment Democrats were no different from establishment Republicans, thereby weakening her prospects in the general election.

Even if James is right about 2016 (and I don’t believe he is) his assessment is irrelevant now because we’re at a radically different point in American politics than we were 10 years ago.

The silver lining on the dark storm cloud of Trump and his detestable regime is that it has exposed the greed, venality, cupidity, and corruption of America’s corporate elite.

Trump has allowed the CEOs of giant corporations and the titans of Wall Street to do whatever they want as long as they suck up to him. And he’s providing all sorts of corporate welfare to those who generously bribe him — no-bid government contracts, exclusive licenses, tax loopholes, tariff exemptions, use of public lands, and permission to become even bigger monopolies.

Trump has thereby unveiled a truth about corporate America that for many years has been hidden behind a soothing blanket of corporate PR bullsh*t about social responsibility, corporate charity, and “trickle-down” economics.

That truth is the captains of corporate America are so rapacious that they’re willing to throw average working Americans under the bus to make billions more.

Corporate avarice under Trump has become so blatant and corporate America’s contempt for the needs of average Americans so flagrant that most Americans are now catching on.

They’re voting for progressive Democrats not because they want socialism, support the Democratic Socialists of America, or reject candidates called “moderate.”

They’re voting for candidates whom they believe will fight to make housing, food, healthcare, and childcare affordable to average working families. And who’ll take on Trump’s billionaire backers, CEOs, and Wall Street titans who are rigging the economy against them.

Much of the corporate media won’t tell this story. When Dr. Abdul El-Sayed won Michigan’s Democratic primary over Haley Stevens, the media overflowed with accounts of how much smaller El-Sayed’s margin of victory was than polls had predicted.

Yet the most remarkable thing about El-Sayed’s victory was that he won despite being dramatically outspent by super PACs arrayed against him.

Stevens benefited from tens of millions of dollars in outside spending, including the largest investment in a senatorial race ever made by the American Israel Public Affairs Committee, which traditionally supports pro-Israel candidates but in recent election cycles has supported candidates most favored by corporate America. AIPAC’s ads in favor of Stevens and against El-Sayed never even mentioned Israel.

Outside super PACs poured an estimated $54 million to $60 million into backing Stevens and opposing El-Sayed, compared to only about $5 million for El-Sayed. Pro-Stevens groups outspent El-Sayed on TV advertising alone by more than 12 to 1 ($26.9 million to $2.1 million) in the closing weeks. An average of $95 was spent for every vote against El-Sayed versus just $9 per vote for him.

The race between Stevens and El-Sayed was a proxy fight over the future of the Democratic Party. Senate Minority Leader Chuck Schumer backed Stevens and encouraged donors to back her campaign, as did other corporate-aligned politicians such as Michigan senator Gary Peters. On the other hand, Sen. Bernie Sanders and U.S. Rep. Alexandria Ocasio-Cortez supported El-Sayed, as did progressives such as Sens. Chris Van Hollen and Elizabeth Warren.

El-Sayed justifiably made a campaign issue out of how much corporate money was backing his rival. He argued that Democrats should reject corporate influence and embrace an agenda that helps average Americans. His campaign centered on providing Medicare for All, lowering prescription drug costs, and banning corporate PAC money. “We’re in a situation right now where the rich keep getting hyper-rich on the backs of figuring out how to monetize everyday people,” El-Sayed told AP........

© Common Dreams