Lyric discussion by fourganger 

Conservative say: there ain't no black in the union jack Democrat say: there ain't enough white in the stars and stripes

No difference between progressives and conservatives when it comes to the issue of race is what I think they're saying here. Interesting that they used Conservative instead of Republican, expands the song beyond being just America.

My fav bit is the bit about privilege, they're saying that most people don't care about social problems so long as they have their little comforts.

Actually, I think he's making the point that there is no difference between the American left and British right: in Britain it is perfectly acceptable to be a socialist and one of our main parties, Labour, were hardline socialists until not too long ago, you might even argue that they're still socialists of some kind. It's a criticism of America and it's lack of tolerance for new ideas, especially socialism. It's also a criticism of America's susceptibility to propaganda, e.g. McCarthy and the red scare. (I know it doesn't mention McCarthy but to me it conjours up his image)...

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