Today's Democrats are little more than a collection of narrow interest groups-unions, tort lawyers, minorities headed by an ossified leadership. They are clever, tenacious and increasingly nasty in defending their perks, as establishments typically are.

In general, 'the market' is smarter than the smartest of its individual participants.

Today's Democrats are little more than a collection of narrow interest groups-unions, tort lawyers, minorities headed by an ossified leadership. They are clever, tenacious and increasingly nasty in defending their perks, as establishments typically are.