I think your misreading the US electorate as being much further to the left than it actually is. What we have now is a fairly delicate dance between the two major parties, attempting to suck up various constituencies. It's resulted in an almost perfect equilibrium nationally. What you're suggesting leaves an enormous group of ex-Republican voters without a political home. In that scenario, the Democrats would move right to appeal to ex-Republicans for political advantage and the Progressive Party would move to the center to appeal to center-left voters. You would land more or less where we are now in the end.
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