Meh, I'm guessing there already is some small party that ticks all those boxes. I'm guessing independents, or some random party could win certain local races if the Dem and Rep are both very unpopular, and the media gives them air time (that may be hard). Unfortunately, I don't think the next presidential election will be valid election, and I don't think the state-level elections in red states will be valid either. Having other parties can be useful for getting messaging out (again, if the media gives them air-time), but the country looks like it's going full fascist, which will probably need mass direct action, or war, to unseat.
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Any party that tries to be created with populism but ignores the materialist analyist of how we got to this point and how to combat reactionary thinking and regressivism (which is conservatism, which is why its a universal flaw) will only fall to the same tactics and pitfalls that have led us to this division in the first place. We need a true worker's parry that understands that division of power and group interests lay on class lines (capitalists vs workers) and not on any of the manufacturered scapegoat ones. Progressive ideas are popular yes, but they need to come with actual systematic analysis or they will just morph into right-wing populism through lack of critical thinking and bad actors.
I believe this will achieve exactly nothing. The whole system is rigged against the people, neither the republicans nor the democrats (aside from a few sore thumbs) work for the interest of the people. And you can bet you're bottom dollar if there ever was a new political party the democrats and republicans will work hand-in-hand to prevent this new party from taking power.
Too bad the dems have co-opted and derailed all of these issues.