"Traditional" centrism, from a historical perspective, has not been a political tactic (as in a tactic designed to implement a given political project or capture power) so much as a purely electoral tactic which consists of sitting between the major political factions to be decisive when there is no absolute majority in a chamber, then negotiating your aliance therefore artificially inflating your political impact.
Centrist organizations will obviously always deny it, but even a cursory look through the history of the centre parties will show you there is no ideological or political fundation to their positions.
That is why they always became so permeable to technocratical ideas (technocracy arguably being a conservative ideology in itself) in contexts of economic growth and social stability: technocracy is the belief that you do not govern a country, you only administer it through contingencies on the basis of principles determined by the institutions themselves. As if institutions were not man-made but god-given or something.
The only true centrist belief is that centrism should perpetuate itself and that it should do it by disassociating from as many position perceived to be divisive in the public debate as possible.
A phenomenon Graeber does not analize here is the fact that this new "extreme center" is incarnated by figures from political formations that do not present themselves as centrist parties. As a matter of fact if you ask them they will most likely insist that they are neither right nor left... While refusing to identify with centrism.
My hypothesis is that this development is a consequence of the inescapable political, cultural and mediatical footprint of neo-liberalism. You can not expect to sustain your position, your career in the electoral game while governing against neo-liberal politics any more, but you can campaign as if you were opposing it, by presenting a discourse that is "critical" of neo-liberalism with an understanding that these opinions expressed will be inconsecuential once you reach power. This simulacra is what we call the extreme center.
After a few election cycles this strategy becomes ineffective, as you can only campaign to the left to then pivot and govern to the right so many times. Betrayal can never foster fidelity. And that is the era of major political crisis we are entering now on the world stage that will soon manifest itself in profound institutional crises in many countries.
https://youtu.be/-9afwZON8dU?feature=shared
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