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marmar

(79,085 posts)
Sun Nov 30, 2025, 09:33 AM Nov 30

The left was right about Larry Summers


The left was right about Larry Summers all along. Democrats didn’t listen
Long before the Epstein scandal, it was clear Summers was a viper. Clinton and Obama simply didn't want to know

By Andrew O'Hehir
Executive Editor
Published November 30, 2025 6:45AM (EST)


(Salon) In former Greek finance minister Yanis Varoufakis’ now-legendary memoir “Adults in the Room,” he recounts a conversation with Larry Summers, conducted in a Washington hotel bar late on a spring night in 2015 over (one imagines) glasses of excellent single-malt Scotch. The former Treasury secretary and Harvard president was, in effect, making the charismatic young radical — a newly-minted official in Greece’s left-wing government — an offer of the sort you’re not supposed to refuse.

Varoufakis had to choose, Summers suggested, between being an insider or an outsider:

“The outsiders prioritize their freedom to speak their version of the truth. The price of their freedom is that they are ignored by the insiders, who make the important decisions. The insiders, for their part, follow a sacrosanct rule: never turn against other insiders and never talk to outsiders about what insiders say or do. Their reward? Access to inside information and a chance, though no guarantee, of influencing powerful people and outcomes.”


If Summers’ “sacrosanct rule” was meant to sound sinister a decade ago, it carries considerably darker resonance today. As we now know — and as numerous insiders no doubt knew all along — Summers continued his longtime friendship with Jeffrey Epstein right up to the eve of the latter’s final arrest in 2019, asking the convicted sex trafficker for advice on how to cajole a younger female colleague into a sexual relationship. (Epstein valiantly volunteered to serve as Summers’ “wing man” in this quest.) “Never talk to outsiders about what insiders say or do,” it would appear, is also meant to apply to whatever those insiders get up to in private, not just to matters of state or the backroom shenanigans of high finance.

....(snip)....

At least that’s the only possible explanation I can imagine. Because the truth about Larry Summers has been obvious, or at least should have been, for many years. That did not prevent him from being one of the most dominant figures in global finance and economics, or the leading apostle of the disastrous worldwide gospel of deregulation and privatization now known as “neoliberalism.” It didn’t prevent Bill Clinton, Barack Obama, Harvard University and any number of investment banks, hedge funds and corporations from swooning at Summers’ sermons on austerity — which invariably confirmed their prior assumptions that wealth was virtuous and virtue led to wealth — and offering him second, third and fourth bites of the apple.

....(snip)....

Progressive economists, feminists and environmental activists have been calling out Summers as an intensely toxic force in both politics and finance realm for years. For that matter, his parasitic or symbiotic relationship with Jeffrey Epstein has been a matter of public record since at least 2003, when the Harvard Crimson earned his eternal enmity by reporting on it. He has survived multiple damaging scandals and found his way back to power every time, like a wily Renaissance courtier or an unkillable horror-movie villain, and may well survive this one. ....................(more)

https://www.salon.com/2025/11/30/the-left-was-right-about-larry-summers-all-along-democrats-didnt-listen/




34 replies = new reply since forum marked as read
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The left was right about Larry Summers (Original Post) marmar Nov 30 OP
Summers has been bad news for years Ritabert Nov 30 #1
Summers has always been on my don't trust this guy list UpInArms Nov 30 #2
Kick dalton99a Nov 30 #3
CORRECT! Prairie Gates Nov 30 #4
summers made a similar offer to liz warren : "go along and get along" rampartd Nov 30 #5
I love Obama. Even volunteered for his Dr. Shepper Nov 30 #6
I remember a lot of criticism PatSeg Nov 30 #9
Felt the same edhopper Nov 30 #11
Other way around, according to Obama. Summers wanted nationalization like Sweden did. betsuni Dec 1 #33
Who ELSE were "the Left" right about? Kid Berwyn Nov 30 #7
Bill Clinton's name popsdenver Nov 30 #14
That doesn't translate into any of them, Clinton included, were involved in Epstein's sex trafficking valleyrogue Nov 30 #22
Atrios doesn't like him either jfz9580m Nov 30 #8
Why doesnt he join tje GOP? slightlv Nov 30 #18
I agree jfz9580m Nov 30 #19
Summers is... GiqueCee Nov 30 #10
"The Left was right" FoxNewsSucks Nov 30 #12
DURec leftstreet Nov 30 #13
He never fooled me for a minute. yardwork Nov 30 #15
Yanis Varoufakis' recollection is chilling thought crime Nov 30 #16
The left has been right about most things. intheflow Nov 30 #17
The only exception I can remember is Fetterman. Bluetus Nov 30 #24
Well he did suffer brain damage jfz9580m Dec 1 #31
But he has his stroke before the election Bluetus Dec 1 #32
This clear picture of how insiders see themselves explains much Bluetus Nov 30 #20
That entire article is nauseating jfz9580m Nov 30 #21
Yes. ismnotwasm Nov 30 #23
Part of the problem is assuming Clinton or Obama represent the left. BlueTsunami2018 Nov 30 #25
Maybe they should listen to "the left" more often. choie Nov 30 #26
Like Epstein, he is someone who can do real damage. Sneederbunk Nov 30 #27
Larry Summers doesn't present well from my perch. yellow dahlia Nov 30 #28
A lot of us were essentially told to sit down and shut up progressoid Dec 1 #29
I didn't read the article, but from the excerpts Joinfortmill Dec 1 #30
Author sounds like a disgruntled teen, of course hates Democrats for emotional reasons. betsuni Dec 1 #34

Ritabert

(1,897 posts)
1. Summers has been bad news for years
Sun Nov 30, 2025, 09:46 AM
Nov 30

He's always been predictable: crony capitalism: good....socialism: bad.

UpInArms

(53,859 posts)
2. Summers has always been on my don't trust this guy list
Sun Nov 30, 2025, 09:48 AM
Nov 30

He promoted a rightwing tilt to economics

Never understood his allure

Dr. Shepper

(3,199 posts)
6. I love Obama. Even volunteered for his
Sun Nov 30, 2025, 10:17 AM
Nov 30

Campaign and got tickets to the final night of the convention when he was formally nominated. I was so excited to listen to his memoir. But when he got to the Larry Summers part, I just couldn’t finish the book. His nomination was such a disappointment.

PatSeg

(51,759 posts)
9. I remember a lot of criticism
Sun Nov 30, 2025, 10:54 AM
Nov 30

here on DU when Summers was nominated. I don't think anyone on the left actually trusted him. He certainly was no Jared Bernstein.

betsuni

(28,606 posts)
33. Other way around, according to Obama. Summers wanted nationalization like Sweden did.
Mon Dec 1, 2025, 10:09 AM
Dec 1

"Larry [Summers] and Christy agued that in light of mounting losses at Citigroup and Bank of America, it was time for us to consider preemptive nationalization -- the kind of strategy that Sweden had ultimately pursued when it went through its own financial crisis in the 1990s. ... In response, Tim pointed out that Sweden -- with a much smaller financial sector, and at a time when the rest of the world was stable -- had nationalized only two of its major banks as a last resort, while providing effective guarantees for its remaining four. An equivalent strategy on our part, he said, might cause the already fragile global financial system to unravel ... .. ... Some on the team suggested that we at least take a more aggressive posture toward Citibank and Bank of America. ... (I would later invite two groups of outside economists -- one left-leaning, the other conservative -- who'd publicly questioned our handling of the crisis to meet me in the Oval, just to see if they had any ideas we hadn't already considered. They didn't.)"

From "A Promised Land"

Obama says if he went back in time he'd make the same choice because nationalizing banks, stretching the definitions of criminal statutes to try to prosecute bankers, letting the big banks collapse might've made things much worse, "Worse for the very folks I'd be purporting to save." He wasn't going to take that chance.

popsdenver

(1,322 posts)
14. Bill Clinton's name
Sun Nov 30, 2025, 12:00 PM
Nov 30

has come up many times in discussions about his tight relationship with Epstein.......

Same with Bill Gates..........whose wife hinted at the fact that she had told her husband many times over five years to quit associating with Epstein....which he didn't, according to her, and she finally divorced him.

You can be sure that Epstein's customer list included a number of Dems........

valleyrogue

(2,506 posts)
22. That doesn't translate into any of them, Clinton included, were involved in Epstein's sex trafficking
Sun Nov 30, 2025, 01:52 PM
Nov 30

in any way.

Epstein knew a LOT of people, and those relationships had nothing to do with his criminality with children.

Innuendo or "guilt by association" ISN'T evidence of anything.

jfz9580m

(16,366 posts)
8. Atrios doesn't like him either
Sun Nov 30, 2025, 10:53 AM
Nov 30
https://www.eschatonblog.com/2025/11/why-do-you-keep-focusing-on-larry.html?m=1

https://crooksandliars.com/2025/11/now-were-pretending-larry-summers-hasnt

I am very pleased about this development . I hope he never recovers. Why can’t he just join the GOP? Sure, being a Democrat is the only sign of intelligence he has ever shown..but still..He would fit right in in their technofascist wing..

Thanks for posting that. O’Hehir is always a fun read.
(And I owe him and Marcotte a personal debt of gratitude for pulling me out of a craven flight offline entirely rather than staying merely anonymous and far from The Spectacle. Yasha Levine educated me about the latter concept. That was when I realized what I was afraid of. I owe a tremendous debt to a collection of lefty voices for the fortitude to weather Trump 2.0).

slightlv

(7,241 posts)
18. Why doesnt he join tje GOP?
Sun Nov 30, 2025, 12:40 PM
Nov 30

He'd be just another fish among them all. By putting himself out there as a centrist new Democrat. Neoliberal he's a big fish in a little pond... although that pond is growing... and it will be to the harm of the party. If we wanted RINO policies we'd be GOP. The democrats have to get back to their FDR roots if they want the people's trust again. Stop playing the austerity game with our lives and propping up the rich. I love Obama, but I sincerely hope he's the last Neoliberal we have as president. But I'm a long time progressive so I guess I'm on an opposite side of most people. Although it seems progressives are making a comeback.

jfz9580m

(16,366 posts)
19. I agree
Sun Nov 30, 2025, 12:56 PM
Nov 30

“But I'm a long time progressive so I guess I'm on an opposite side of most people. Although it seems progressives are making a comeback.”

I don’t think so. I think you (and I) are merely on the opposite side from most people with money and influence. It is madness to shift to the center on account of Trump imo. It will be infuriating if MTG or Hawley runs as a populist opposite to a centrist dem and wins.

FoxNewsSucks

(11,476 posts)
12. "The Left was right"
Sun Nov 30, 2025, 11:46 AM
Nov 30

As always.

Iraq, medicare, regulation, on and on and on and on. "The Left was right"

You'd think someone would notice and act accordingly. But even the Democratic Party and many Democratic websites push "the left" away and take our vote for granted.

thought crime

(1,094 posts)
16. Yanis Varoufakis' recollection is chilling
Sun Nov 30, 2025, 12:29 PM
Nov 30

Even if it bears the stamp of Varoufakis' embellishment, the mention of "their version of the truth" and the "sacrosanct rule" of the insiders reflects an attitude we are all familiar with. Summers really was a chief enforcer of that rule and one who worked to capture any rising stars, for the safety of the flock.

intheflow

(29,934 posts)
17. The left has been right about most things.
Sun Nov 30, 2025, 12:35 PM
Nov 30

The Democratic Party sidelined us for my entire adult life - since Reagan. And that’s how we got this fascism. I’m glad the party is waking up again.

Bluetus

(2,082 posts)
24. The only exception I can remember is Fetterman.
Sun Nov 30, 2025, 02:15 PM
Nov 30

There have probably been others, but the progressives have been correct almost every time.

That really isn't saying much: those who think we should put up a fight against the fascists are correct more often than those who refuse to take a stand on anything. It is a low bar.

jfz9580m

(16,366 posts)
31. Well he did suffer brain damage
Mon Dec 1, 2025, 04:48 AM
Dec 1

Didn’t he? That does change the personality..any kind of damage to the brain.

E.g.: Someone who was fairly assertive may become relatively more docile/pliant and so on..

Bluetus

(2,082 posts)
32. But he has his stroke before the election
Mon Dec 1, 2025, 09:26 AM
Dec 1

In a normal world, we should never have elected somebody with his medical condition. But the candidates the GOP has been offering up are just terrible in many cases. This was very much a lesser of evils scenario. But he should have been removed from office by now because of his obvious problems.

Bluetus

(2,082 posts)
20. This clear picture of how insiders see themselves explains much
Sun Nov 30, 2025, 01:01 PM
Nov 30

It explains Jeffries versus AOC. It explains Cuomo versus Mandani. It explains Martin versus Hogg.

Unfortunately it means that we don't just have to overcome the Trump regime, but we also have to get past the Dem Insiders club. And the sad thing is that the insiders just don't care that much. Clinton has his foundation. Obama has his legacy. Martin has his convention regulars, and all the political consultants who are actually more valuable when we are out of power than when we are in power.

jfz9580m

(16,366 posts)
21. That entire article is nauseating
Sun Nov 30, 2025, 01:47 PM
Nov 30

That insiders crap was terrible wasn’t it?

It’s histrionic and cliche. Was he twirling his moustaches while saying it?
Who talks like that? How are these morons even our evil elites?

I demand better dialogue from our evil elites! If they are running roughshod over us all, we should at least get higher quality shit than crap
reminiscent of the type of movie script I would scoff at as unrealistic.

Summers really was a pustule.

And don’t get me started on his even creepier side .

That shit is why I am a card carrying MeToo supporter. Fortunately, even at the worst school I worked at, I never came across this type of creep.

They exist even in academic science sadly (Walter Lewin, Geoff Marcy, Kanury Rao, Giridhar Madrass etc), but I have been fortunate enough to not come across them.

Thankfully, most academic scientists (in the natural sciences anyway) are pretty implicitly feminist in my experience. Dr Fauci or Francis Collins are closer to the norm than this type of ghastly person. Typically understated and that’s easier. I like my woke and feminist understated. The same way I feel gleeful when the right or centre is this much of a chestnut bts.

Economics is right leaning as a field..less reality based..it really is all of a piece. I remember thinking even back when he made those comments about women in science “But you don’t even work in a real science. You are a damn economist.”

BlueTsunami2018

(4,802 posts)
25. Part of the problem is assuming Clinton or Obama represent the left.
Sun Nov 30, 2025, 05:29 PM
Nov 30

They aren’t leftists by any means. They’re capitalists, ruling class enablers, and that’s why Summers was in there, to promote the interests of his class.

Until we figure out that we need to rid this party of these “insiders” and get back to representing the working class, we’re never going to solve any of these problems.



yellow dahlia

(4,131 posts)
28. Larry Summers doesn't present well from my perch.
Sun Nov 30, 2025, 10:05 PM
Nov 30

Something about him - what is it? Pompous? Disingenuous? Arrogant? A basic ewww! Why did he get so much cred?

progressoid

(52,438 posts)
29. A lot of us were essentially told to sit down and shut up
Mon Dec 1, 2025, 12:52 AM
Dec 1

because we voiced our opposition to Summers. And that was just because of his economic policies.

Joinfortmill

(19,777 posts)
30. I didn't read the article, but from the excerpts
Mon Dec 1, 2025, 02:03 AM
Dec 1

there doesn't seem to be any 'there' there. Also, now we're bashing Obama? Really?

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