---
title: "Meaning & Key Takeaway of: Both political parties have moved to the…"
description: "\"“Both political parties have moved to the right during the neoliberal period. Today’s New Democrats are pretty much what used to be called “moderate Re..."
image: "https://sms4smile.com/quotes/i/032/noam-chomsky-42_america_both-political-parties-have-moved-to-the_1187952.jpg"
---

#  Both political parties have moved to the right during the…

![“Both political parties have moved to the right during the neoliberal period. Today’s New Democrats are pretty much what used to be called “moderate Republicans.” The “political revolution” that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower. The fate of the…” quote by Noam Chomsky](https://sms4smile.com/quotes/i/032/noam-chomsky-42_america_both-political-parties-have-moved-to-the_1187952.jpg)   [Download](https://sms4smile.com/quotes/i/032/noam-chomsky-42_america_both-political-parties-have-moved-to-the_1187952.jpg) [Open image](https://sms4smile.com/quotes/i/032/noam-chomsky-42_america_both-political-parties-have-moved-to-the_1187952.jpg)

> ““Both political parties have moved to the right during the neoliberal period. Today’s New Democrats are pretty much what used to be called “moderate Republicans.” The “political revolution” that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower. The fate of the minimum wage illustrates what has been happening. Through the periods of high and egalitarian growth in the ‘50s and ‘60s, the minimum wage—which sets a floor for other wages—tracked productivity. That ended with the onset of neoliberal doctrine. Since then, the minimum wage has stagnated (in real value). Had it continued as before, it would probably be close to $20 per hour. Today, it is considered a political revolution to raise it to $15.””

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

## About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Neoliberal policies have shifted political parties rightward, eroding wage growth and making modest wage increases seem revolutionary compared to past productivity‑linked wages.

**In simple terms:** Neoliberalism pushed wages down, making small raises seem huge.

Key Takeaway

Recognize economic shifts.

Themes

economics politics inequality

Mood

analytical critical

Type

political economic

When to use this quote

- policy debates
- union organizing
- academic research
- media commentary

Key Concepts

neoliberalism labor markets

Questions to Reflect On

- What policies could restore wage growth?
- How do cultural factors influence economic shifts?

A Different Perspective

The analysis may oversimplify complex political dynamics.

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