Echoing the historian Lily Geismer, Frank argues that the Democratic Party — once “the Party of the People” — now caters to the interests of a “professional-managerial class” consisting of lawyers, doctors, professors, scientists, programmers, even investment bankers. These affluent city dwellers and suburbanites believe firmly in meritocracy and individual opportunity, but shun the kind of social policies that once gave a real leg up to the working class. In the book, Frank points to the Democrats’ neglect of organized labor and support for Nafta as examples of this sensibility, in which “you get what you deserve, and what you deserve is defined by how you did in school.” In more recent columns, he has linked this neglect to the rise of a figure like Sanders, who says forthrightly what the party leadership might prefer to obscure: Current approaches aren’t working — and unless something dramatic happens, Americans are heading for a society in which a tiny elite controls most of the wealth, resources and decision-making power.
The problem, in Frank’s view, is not simply that mainstream Democrats have failed to address growing inequality. Instead, he suggests something more sinister: Today’s leading Democrats actually don’t want to reduce inequality because they believe that inequality is the normal and righteous order of things. As proof, he points to the famously impolitic Larry Summers, whose background as a former president of Harvard, former Treasury secretary and former chief economist of the World Bank embodies all that Frank abhors about modern Democrats. “One of the reasons that inequality has probably gone up in our society is that people are being treated closer to the way that they’re supposed to be treated,” Summers commented early in the Obama administration.
“Remember, as you let that last sentence slide slowly down your throat, that this was a Democrat saying this,” Frank writes. From this mind-set stems everything that the Democrats have done to betray the masses, from Bill Clinton’s crime bill and welfare reform policies to Obama’s failure to rein in Wall Street, according to Frank. No surprise, under the circumstances, that the working class might look elsewhere for satisfying political options.