Connect with us

2018 Midterms

Morgan Stanley Investment Banking Executive Forming a New Third Political Party

A New York investment banking executive wants his new political party to combat the partisan duopoly.

Duane Paul Murphy

Published

on

An investment banking executive in New York City is creating a new political party due to hyperpartisan duopoly and dysfunction between the two main political parties, the conservative Republicans and the liberal Democrats. Founded by Eric Grossman, the 51-year-old executive vice president and chief legal officer of Morgan Stanley, the Serve America Movement or SAM aims to bring together pragmatic voters and supporters with common and unifying goals to improve the country. The apparent centrist political party focuses on entrepreneurship, free enterprise, free markets, free trade, criminal justice reform, and private-public efforts to expand affordable and accessible healthcare as well as securing civil liberties, immigration reform, and free and fair democratic processes. SAM has so far raised more than $1.3 million from various private sector executives who have donated hundreds of thousands of dollars in donations.

While SAM, as of now, may appear to be a partisan startup against the traditional two-party system, the growth and creation of current as well as new third political parties reflect public opinion on the need for an alternative voice in government. According to a recent 2017 Gallup poll, the majority of those surveyed believe a third major party is needed in the political system, including 77% of self-identified independents, 52% of Democrats, and 49% of Republicans. Another recent 2017 poll conducted by both  NBC News and GenForward has shown that more than 70% of young people between the ages of 18 to 35 want a new major third party. The three largest third parties in the United States of America are the classical liberal Libertarian Party, the leftist Green Party, and the paleoconservative Constitution Party.

In the developed world throughout North America and Europe, major third parties have recently or always taken shape. In Canada, the liberal Green Party, the social democratic New Democratic Party, and the nationalist Bloc Quebecois have historically been alternatives to the North American country’s two main ruling parties, the Liberals and the Conservatives. In France, political parties such as the far-right National Front, the far-left La France Insoumise, and the liberal-centrist En Marche recently disrupted the dominance of the Republicans and the Socialists in the 2017 French elections. In Spain, the centrist Citizens party and the leftist Podemos party have made strides in recent years against the conservative Popular Party and the social democratic Spanish Socialist Workers’ Party.

Jumpstart a career doing something you are passionate about with one of College Media Network’s courses. Read about our current offerings, schedule and unique virtual learning environment here.

Duane Paul Murphy is a D.C. college graduate and freelance journalist born and raised in Southern California. He obtained a bachelor of art’s in politics and a minor in media studies, Duane Paul is interested in covering domestic as well as international political affairs that impact the lives of everyday people, whether they are young students, professionals, or faculty in higher education.

CMN Music

Music2 days ago

Album Review: Tamino – ‘Amir (Deluxe)’

An expanded edition that offers poetic drama from beginning to end.

Music3 weeks ago

What Makes A Scary Song? Three Things Every Spooky Tune Needs

Genuinely scary sounds, an unsettling story, or just party jams with eerie sound effects?

Music3 weeks ago

React: Paste Magazine’s Best Albums of the 2010’s List

It's difficult for any one person to approach a list with complete objectivity,

CMN Vibes3 weeks ago

CMN Vibes: Spooky Season

The only playlist you'll need as Halloween gets closer.

Music1 month ago

4 Places to Read Great Music Journalism

Where to find great, free music writing and journalism on the web.

Essentials2 months ago

Four Useful Spotify Features for Music Writers: Part One

Tips, tricks and cool shortcuts to deepen your knowledge.

Music2 months ago

‘We’ll Carry On’: Examining the Legacy of Rock in the 2000s

The seeds planted by these bands are the reason rock will thrive for generations.

Music2 months ago

Man Arrested in Connection of Death of Rapper Mac Miller

28 year old Cameron James Pettit was arrested today on allegations of supplying deceased rapper Mac Miller with lethal drugs....

Music2 months ago

5 Things You’ll Quickly Learn After Moving From the USA to New Zealand

So you graduate college without any real career plan and decide to spend a year bartending so you can travel...

Music3 months ago

Review: Captain Beefheart, “Hair Pie: Bake 2”

An odd intrigue.

Essentials3 months ago

4 Podcasts Every Music Writer Should be Familiar With

Music journalists these days need to listen to a whole lot more than just music.

Music3 months ago

Cocaine and Rhinestones – Breaking Down Merle Haggard’s ‘Okie from Muskogee’

Tyler Mahan Coe brings the facts and the feel of history.

Music3 months ago

Track Review: Pool Kids – ‘$5 Subtweet’

Diving into a new age of confrontation.

by , SUNY Brockport
Music3 months ago

Hip-Hop’s Most Influential Artists of the Last Half -Decade

Drake, Migos, Travis Scott and more make the list.

by , SUNY Brockport
Music3 months ago

Podcast Review: The Needledrop: How To Get Into Death Grips

Dominick Rabrun joins Anthony Fantano for some intense chat.

Music3 months ago

Liily: Aiming to Turn the Music Industry Upside Down

California band is on the way up and has new music due out this fall.

Music3 months ago

Interview with Singer Natalie Clark

A CMN Q&A that touches on playing guitar, growing up in Glasgow, and being starstruck on 'The Voice.'

Essentials3 months ago

5 Essential Websites for Music Journalists

Great sources to confirm facts or come up with story ideas.

Music3 months ago

Brockhampton Announces New Album and Releases New Song

Brockhampton announced that their new album Ginger will be available on all platforms August 23. The budding rap group simultaneously...

Music3 months ago

Hot 100 Hometown Heat Map: Which State Makes the Most Hits?

Find where your favorite music comes from.

Music3 months ago

Podcast Review: ‘This Sounds Better’

A great podcast that covers key points important to engineers and producers.

by , Albright College
Music3 months ago

Podcast Review: Machine Gun Kelly on the CMN Podcast

Professional and informative.

by , SUNY Brockport

Great Reads

[]
1 Step 1
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right

Copyright © 2019 College Media Network