Today’s plan by Elizabeth Warren is more republican orthodoxy. She wants to keep private equity firms from looting and destroying U.S. corporations. I first read about private equity firms in Robert Kuttner’s book, published last year, Can Democracy Survive Global Capitalism?: Invariably, a private-equity takeover means an even deeper squeeze on worker wages, benefits, and job… Continue reading Republicanism and redistribution
In the eighteenth century the French centralized despotism was viewed as the vehicle of reform and progress; only conservatives such as Montesquieu could see advantages in what was generally held to be the corrupt, disorganized, fractionated and backward English political system. – Samuel P. Huntington, Political Order in Changing Societies (1968) I’m reading a seminal… Continue reading Is Elizabeth Warren too conservative for America?