Can Kamala Harris disturb the regional balance of power? (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

It has become conventional wisdom in the waning days of Biden’s presidency to say that America has launched a new era in economics. Concepts like industrial policy, trade protectionism, antitrust enforcement and child subsidies — all once verboten during the heyday of globalisation — have been dusted off by a new generation of policymakers.
Taken together, several commentators believe these trends mark the end of neoliberal governance and the beginning of a different consensus in Washington — and in a narrow sense they are right. Biden’s policies do harken back to aspects of the New Deal and Cold War liberalism, while the populist Right have promoted their own vision of economic reform. But, for reasons intrinsic to America’s party system, neoliberalism’s final chapter has yet to be written.
There are real obstacles to consolidating a new consensus — and they go beyond the obvious influence of each party’s most prominent donors or the rulings of conservative justices. The current geographic division of political power in the United States between conservative red regions and progressive blue ones reinforces a status quo which greatly privileges economic elites in both party coalitions and curtails the possibility of faster action on urgent issues.
Compared with the latter half of the 20th century, when Democrats and Republicans contested a broad range of states and a handful of landslide elections took place, the strategies animating today’s party coalitions are primarily defensive. Bold incursions by either party into the other’s strongholds are now uncommon. And the Democrats’ big-tent posture under Kamala Harris is unlikely to disturb this balance of power.
The regional pattern of party dominance is reflected in the small set of swing states that have determined presidential elections since the 2000 contest between Al Gore and George W. Bush. But it is illustrated just as much, if not more so, by the rise of one-party control in a majority of US states. Democrats currently hold “trifectas” (the governorship plus a majority in a state’s upper and lower chambers) in 17 states, while Republicans have a veritable lock on 23. In an echo of past “sectional” distributions of party control, geography would appear to denote ideology in the first decades of 21st-century America.
And this regional dynamic seems to go hand in hand with an accelerating political realignment or class “dealignment”. This phenomenon, wherein since the late Nineties the GOP has attracted far more working-class voters than it used to while the Left has won the vote of more and more upscale voters, appears to wary progressives and eager “New Right” thinkers alike as a harbinger of a generation-defining political realignment. But, while that is partly true, what is more salient is that the parties now coalesce support on the basis of identity-driven loyalties and deeply felt negative partisanship, and are then able to limit their economic promises, hewing instead to vague rhetoric about growth and opportunity. Campaign strategists continue to prioritise mobilising core supporters, rather than courting workers who are wavering in their partisan affiliation or engaging the country’s estimated 80 million disaffected nonvoters.
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