It seems to discuss this shift in left /right ideology from a global perspective. Thought you might enjoy reading it.
FROM the 1880s to the 1980s, socialism defined what it meant to be left wing. European leftists argued about what socialism meant. Russian, Chinese and the poor world socialists murdered each other in disputes about what socialism meant. But on the basic point there was agreement. To be left wing meant believing that the common ownership of the means of production offered the best way forward for humanity.
There was a hierarchy or pyramid. Socialism in one of its many forms was at the top. The next most desirable form of society was what left-wingers foolishly called capitalist democracies: countries like yours and mine with mixed economies, universal suffrage, bills of rights and welfare states. At the bottom of the heap were the most detestable regimes imaginable: fascist, communalist or confessional societies, which used insane conspiracy theories and pseudo-science to divide people by ethnicity or creed. Nazi Germany was the clearest example of what the left used to hate.
Move forward into the 21st century and the left has changed beyond recognition. Socialism is dead, destroyed by the terrible crimes of the communists and the success of market economies, most notably in Asia. There are still people who call themselves socialists but no serious political movement anywhere in the world believes it can improve society by nationalizing the economy. This is a huge defeat because the case for socialism was economic as well as moral. Socialism was meant to bring a higher and more productive economy. According to Marx, its triumph was inevitable. Today it is its failure which seems predetermined.
People who say they are on the Left now favour higher rates of taxation and the provision of public services by state monopolies, and are justifiably wary of private corporations and financial markets. Yet when their politicians take power they often turn to the market for solutions to the practical problems of running modern societies. They bring in private businesses to run public services or create a market in education by giving school vouchers to parents.
<snip>
http://www.nickcohen.net/?p=315Note: My spell checker says there's no "u" in favor but I'll leave it in for you. ;)