More bad news for the GOP and the neoliberal agenda it has pushed since the early 80s....

A majority of Americans say the Republican Party needs a major overhaul after electoral losses revealed demographic, messaging and technological shortfalls compared with Democrats, a Bloomberg National Poll shows.

Even among Republicans, just 16 percent say their party is fine and doesn’t need to change. The survey also shows the party is viewed as too protective of the wealthy...

The more time passes by, the more it looks like neoliberalism (an ideology that places the market at the center of all human affairs) will not recover from the crash of 2008. What it lost in the crash was not economic power directly but political legitimacy. But because the market cannot function without the power of the state (bailouts, tax breaks, corporate welfare, protection from the public for externalities, and the like), the loss of political legitimacy will eventually erode its economic power. The potential of wealth remigrating from tiny private islands to the mainland of the social will force the rich to seriously consider political options outside of democracy. Zizek is right to see something like the next stage in Chinese capitalism.