By Left I mean socialist-leaning, progressive, internationalist/globalist political parties.
There is no one tidy definition, but it has three essential elements:
The Left is now the political wing of the corporatocracy.
As Phillipe Poutou, a Ford factory mechanic from Bordeaux who is the sole working-class candidate in France's presidential election, so deliciously pointed out, the Left and Right status quo candidates are indistinguishable in terms of their self-serving corruption and elitism:
Here in the U.S., the self-serving Democratic Party elites operate within the Corporatocracy structure, in which the state protects and funds private-sector cartels; the two intertwined and self-reinforcing elites manifest and enforce state policies.
Some may claim the Left was co-opted by the Corporatocracy structure, others will blame capitalism (never mind the dominant form of capitalism is state-cartel, and it cannot exist without the central state enforcing the privileges of monopoly).
Since the Left has always claimed the high moral ground - and continues to do so (see my essay Virtue-Signaling the Decline of the Empire - February 28, 2017) - the Left must mask its own corruption and role in the Corporatocracy structure.
The principle of substitution reveals the underlying truth. If a Rightist state imposed a virtue-signaling conformity on corporate media, social media, and the state institutions under its control, the Left would be very quick indeed to identify this as fascist.
The Left's obsession with meaningless speech acts is a direct result of its lack of will and intellectual firepower to tackle the erosion of working-class/middle-class income, wealth and political power.
The Left's single "solution" to this profound structural trend is for central states to "fight austerity" by borrowing and blowing trillions of dollars, yen, yuan, euros, etc. - with no end in sight.
But as even the most economic illiterate Leftist understands somewhere in their muddled soul, borrowing trillions from future generations is morally and fiscally bankrupt, and the very opposite of a "progressive" policy.
It's based on magical
The magical thinking of the Left is that decades of slowing growth will be reversed and the clock of history magically reset to 1946 if the central state borrows even more trillions from future generations.
But there is abundant evidence (see the wages chart above) that borrowing and squandering immense sums has not boosted growth rates in a sustainable fashion - rather, the staggering debt loads are squeezing current spending and shackling future policy-makers with an ever-grimmer slate of self-reinforcing bad choices.
Isn't it obvious that the only way forward is to jettison both the Left and Right flavors of state-cartel Corporatocracy and pave a 'third way'...?