Skip to main content

The soul of the Democratic Party has always belonged to capital

Henry Wallace was an ambitious left-winger in Roosevelt’s Democratic Party who, as secretary of agriculture and then as vice president, helped make radical the New Deal of the 1930s. His ultimate defeat by the right of his own party shows the obstacles the insurgent left has always faced within the Democratic Party.

by Paul Heideman

Part 3 - Demythologizing the Democratic Party

Though Wallace’s speeches as vice president were boldly forward-looking, and make for inspiring reading even today, Nichols nonetheless seems to overrate their importance in the Roosevelt administration. His chapter on the nomination fight at the 1944 Democratic convention is subtitled “When Democrats Began to Abandon the New Deal.” Yet there is abundant evidence that even while Wallace was vice president, the party was turning away from the New Deal’s more ambitious agendas.

As war loomed and the economy recovered, the New Dealers in the administration steadily lost ground to more conservative forces in the party. Roosevelt prioritized putting the economy on a war footing, and to do so he needed the help of business leaders, many of whom joined the administration as “dollar-a-year men,” in reference to their perfunctory salaries.

In 1942, the Department of Agriculture terminated the expansive democratic planning program Wallace had begun. The following year, the National Resources Planning Board, another ambitious attempt to subordinate the economy to democratic will, was also shut down. The left-wing journalist I. F. Stone wrote in 1943 that “New Deal agencies are quietly beginning to commit hara kiri as progressive instruments of government…[were] bringing in conservatives and getting rid of progressives.” Already in 1940, at the beginning of the turn toward war, Roosevelt was telling his chief aides to “cut out this New Deal stuff. It’s tough to win a war.

In other words, the 1944 convention was not the beginning of the Democrats’ turn from the New Deal, but the conclusion. The party’s trajectory didn’t rest on a single figure’s shoulders. As Thomas Ferguson has argued, the New Deal was always a particular kind of class compromise between labor and capital.

As soon as recovery was in sight, capital’s confidence returned, and the titans of industry were happy to join the administration of the man who, only a few short years earlier, had declared he “welcomed their hatred.” In return, the administration drew back sharply from its plans that had threatened their interests. While egalitarian rhetoric certainly remained an important part of the Roosevelt administration, officials committed to turning that rhetoric into reality found themselves stymied by the growing presence of business in it.

After Wallace was removed in 1944, he moved even further to the left, joining forces with the Communist Party for a third party run for president in 1948, on the Progressive Party ticket. Nichols, following recent historiography, is decidedly unkind to Wallace’s run. In his account, the run was little more than folly, destined for the failure that has awaited third-party campaigns since the 1890s. Moreover, by accepting a close coalition with the CP in the Progressive Party, Wallace compromised himself in the eyes of the Democratic Party, fatally wounding his ability to counteract the party’s slow betrayal of the New Deal.

To be sure, this picture contains a good deal of truth. The Progressive Party was never going to win, and the Communist Party by that time had compromised itself so thoroughly with its policy zigzags in response to Moscow dictates that it was quickly losing its status as the most important vehicle for American radicalism.

But there is a reason the party won the support of people from a young Coretta Scott King to Albert Einstein to Frank Lloyd Wright. As Nichols recognizes, the Democratic Party had committed itself enthusiastically to the Cold War, and Truman’s “loyalty order” program investigating federal employees had kicked off what would soon develop into the lunacy of McCarthyism. By 1947, the Democratic Party had made it very clear that principled defenders of civil liberties or opponents of a bellicose foreign policy were not welcome within its coalition.

Even more importantly, the Progressive Party campaigned hard against segregation and racism, at a time when the “Solid South” was an integral part of the Democratic Party. Wallace held integrated rallies in the South where he denounced segregation, and his vice presidential candidate was arrested by the infamous Bull Connor for refusing to use the “whites only” entrance to a venue.

Recognizing this extraordinary commitment to equality, the campaign won the support of civil rights luminaries W. E. B. Du Bois, Paul Robeson, and a young Lorraine Hansberry. At the grassroots level, cadres of organizers who would go on to play central roles in the Civil Rights Movement cut their teeth organizing for Wallace. Recognizing that he was drawing significant support from black voters, liberals in the Democratic Party launched an all-out campaign to force Truman to adopt a civil rights plank, the success of which precipitated the Dixiecrat revolt led by Strom Thurmond.

Wallace’s run was hardly in vain. It forced the Democratic Party to adopt a more committed position on civil rights than it otherwise would have. And Nichols, like many latter-day critics of Wallace, gives little thought to what would have happened if Wallace had attempted to oppose the Cold War from within the confines of the party. The Progressive Party was undoubtedly an electoral failure, but historians judging it as such must also be willing to ask what other institutions could plausibly have served as vehicles for its supporters’ goals.

If Nichols is critical of Wallace’s decision to run in 1948, he is scathing on the trajectory of the Democratic Party over the next quarter century. While the Dixiecrats were welcomed back into the Democratic fold, Progressive Party supporters were hounded by red-baiters and driven out of the party.

As a result, the Democratic Party of the 1950s was directionless, triangulating between liberals like Hubert Humphrey, centrists like Truman, and the reactionaries of the South. Even the highpoint of postwar liberalism, Lyndon B. Johnson’s Great Society, was hobbled by the party’s embrace of anti-communist adventurism in Vietnam. Jimmy Carter’s embrace of austerity in the 1970s wasn’t a sudden U-turn, but the final consolidation of tendencies that had been developing for three decades.

Nichols’s account of this history is readable and insightful. As the Democratic Party of today moves against its insurgent left wing, his narrative will be a valuable resource for radicals attempting to resist it. At the same time, it is telling that even as fierce a critic as Nichols of the party’s accommodation of reactionary forces in American life nevertheless understates the obstacles that have stood in the way of those attempting to advance progressive aims within it. The soul of the Democratic Party has always belonged to capital, any fight to transform the party must recognize as much if it hopes to succeed.

***

Source, links:


[1][2]


Comments

Popular posts from this blog

Capitalism & Genocide - Yanis Varoufakis Speech at the Gaza Tribunal, 23rd October 2025, Istanbul

Yanis Varoufakis   On 23rd October, Yanis Varoufakis testified in front of the Jury of Conscience in the context of the Gaza Tribunal. His speech focused on the economic forces underpinning the genocide of the Palestinian people. In particular, he spoke on the manner in which capitalist dynamics have historically fuelled the white settler colonial project and, more recently, how the accumulation of a new form of capital - which he calls cloud capital - has accelerated, deepened and amplified the economic forces powering and propelling the machinery of genocide. 

Munich Shock: Rubio’s Vision of a New Western Century & World Order

GVS Deep Dive   At the 2026 Munich Security Conference, U.S. Secretary of State Marco Rubio delivered one of the most consequential foreign policy speeches of the year. Framed as a call for Western renewal, his address went far beyond NATO reassurance — outlining a vision of sovereignty, industrial consolidation, and civilizational confidence that may signal the end of the post-Cold War global order.   Is this the beginning of a Second Cold War?   Is the West reorganizing around bloc competition?   Or are we witnessing the construction of a new world order? 

Saudi Arabia & Qatar caught Mossad agents planning false flag operations inside their soil to blame Iran

Tucker Carlson says Saudi Arabia & Qatar caught & arrested Israeli Mossad agents planning bombings in those countries. pic.twitter.com/6PUxWeUymu — Jackson Hinkle 🇺🇸 (@jacksonhinklle) March 3, 2026

What Iran, Russia & China just did is HUGE, War BACKFIRES on Trump

Danny Haiphong   Iran's shocking response to Trump's imminent attack is sending fear down the spines of the US military as war leaves them defenseless from Iranian missile fire says Mohammad Marandi. This video breaks down why this war is already backfiring on Trump. 

US-Israeli attack on Iran expands into GLOBAL WAR: EU & UK join, Canada supports, Gulf regimes hit

Geopolitical Economy Report   The US-Israeli war on Iran is expanding into a global conflict. The European Union supports it. The UK is letting Trump use British bases. Germany and France are involved. Canada backs it. Tehran has retaliated, in self-defense, hitting US military bases in Gulf countries. Ben Norton explains. 

This Is Why Iran Will DEFEAT The United States & Israel!

The Jimmy Dore Show    

Trump's war in Iran crushes US working class, enriches cronies

The Grayzone   The Grayzone 's Max Blumenthal and Aaron Mate discuss how Trump's cronies are exploiting the Strait of Hormuz crisis he instigated to manipulate markets while US consumers feel the pain. 

Iran War Collapses U.S. Neoliberal Economy

Glenn Diesen   Yanis Varoufakis is an economist, the former Finance Minister of Greece, and the author of numerous bestselling books. Yanis Varoufakis discusses the historical mistake of attacking Iran (again). 

A response to misinformation on Nicaragua: it was a coup, not a ‘massacre’

There is so much misinformation in mainstream corporate media about recent events in Nicaragua that it is a pity that Mary Ellsberg’s article for Pulse has added to it with a seemingly leftish critique. Ellsberg claims that recent articles, including from this website, often “ paint a picture of the crisis in Nicaragua that is dangerously misleading. ” Unfortunately, her own article does just that. It looks at the situation entirely from the perspective of those opposing Daniel Ortega’s government while whitewashing their malevolent behavior and downplaying the levels of US support they have relied on. Her piece is an incomplete depiction of what is happening on the ground, ignoring many salient facts that have come to light and which have been outdated by recent events. The following is a brief response to Ellsberg’s main points from someone who lives in Nicaragua and has observed the situation directly and intimately: https://grayzoneproject.com/2018/08/15/a-res...

Five reasons a war with Iran will mark the final fall of US empire

globinfo freexchange   1. The nature of war has changed dramatically since the Iraq war, due to technological developments. A ground invasion, especially against Iran, would be catastrophic for the US empire with unpredictable consequences, even if the regime-change mission successfully completed.  2. The Iran allies in the region are still active, despite their losses. This is connected with the first reason in a way because armed groups dispersed in the Middle-East and affiliated with Iran, can lead to an asymmetric, out-of-control conflict to the point where US forces may suddenly find themselves trapped in a wider deadly warzone with no exit. The new, relatively cheap technology of drones and small/middle range missiles, is easily accessible to these groups. The Ansar Allah group in Yemen, already demonstrated their ability to sabotage US military operations. 3. Iran is not Iraq. Not only due to its size and the fact that we live now in a very different period, but also be...