Whereas Liberals Are Thought To Erupt Self-righteously

Financial Regulation Is The Next Item On The Political Horizon, And It Doesn't Have To Be The Deathly Dull Wonk-battle That It Sounds Like. In Fact, If The Democrats Do Their Job, It Can Just As Easily Become A Platform For Addressing The Greatest Issues Of Them All.

Markets Are Interested In Profits And Profits Only; Service, Quality, And General Affluence Are Different Functions Altogether. The Universal, Democratic Prosperity That Americans Now Look Back To With Such Nostalgia Was Achieved Only By A Colossal Reigning In Of Markets, By The Gargantuan Effort Of Mass, Popular Organizations Like Labor Unions And Of The People Themselves, Working Through A Series Of Democratically Elected Governments Not Daunted By The Myths Of The Market.

[the Right] May Never Bring Prayer Back To Schools, But It Has Rescued All Manner Of Rightwing Economic Nostrums From History's Dustbins. Having Rolled Back The Landmark Economic Reforms Of The Sixties (the War On Poverty) And Those Of The Thirties (labor Law, Agricultural Price Supports, Banking Regulation), Its Leaders Now Turn Their Guns On The Accomplishments Of The Earliest Years Of Progressivism (woodrow Wilson's Estate Tax; Theodore Roosevelt's Anti-trust Measures). With A Little More Effort, The Backlash May Well Repeal The Entire Twentieth Century.

The Great Fear That Hung Over The Business Community In The 1970s Was Death By Regulation, And The Great Goal Of The Conservative Movement, As It Rose To Triumph In The 1980s, Was To Remove That Threat - To Keep Osha, The Epa, And The Ftc From Choking Off Entrepreneurship With Their Infernal Meddling In The Marketplace.

The Great Goal Of The Backlash Is To Nurture A Cultural Class War, And The First Step In Doing So, As We Have Seen, Is To Deny The Economic Basis Of Social Class. After All, You Can Hardly Deride Liberals As Society's "elite" Or Present The Gop As The Party Of The Common Man If You Acknowledge The Existence Of The Corporate World - The Power That Creates The Nation's Real Elite, That Dominates Its Real Class System, And That Wields The Republican Party As Its Personal Political Sidearm.