As you may recall, Truman was extremely unpopular when he finally left Washington in 1953, thanks largely to the Korean War. Today, however, he is thought to have been a solidly good president, a 'Near Great' even, in the terminology of those surveys of historians they do every now and then.

Our laws governing lobbying and campaign contributions have struck the right balance between the wishes of the people and those of private industry, so why are we so quick to doubt that the same great results can be achieved by putting the government's justice-dealing branch on the same market-based course?

During the financial crisis and bailouts of 2008, it probably occurred to very few average people that we were entering a period of hardship for billionaires.

What is at stake in the debate over health care is more than the mere crafting of policy. The issue is now the identity of the Democratic Party.

Money never seems to be interested in strengthening regulatory agencies, for example, but always in subverting them, in making them miss the danger signs in coal mines and in derivatives trading and in deep-sea oil wells.

It is always a disappointment to turn from forthright consideration of some subject - whether from the Left or the Right, a poet or a plumber - to the Beltway version, in which the only aspects of the issue that matter are the effects it will have on the fortunes of the two parties and the various men in power.

As you watch the world crumble, try taking your Armageddon with this sprinkling of irony: Over the last three decades, business has got virtually everything it wanted, and its doomsday scenario from the 1970s has come true because of it.