Mounting a campaign against plutocracy makes as much sense to the typical Washington liberal as would circulating a petition against gravity. What our modernized liberal leaders offer is not confrontation but a kind of therapy for those flattened by the free-market hurricane: they counsel us to accept the inevitability of the situation.
Thomas FrankThe Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.
Thomas FrankWhen the entertainers of the right arenโt declaring their disgust with President Obama for groveling before foreign potentates, theyโre pretending to fear him as a left-wing thug, an exemplar of what they call โthe Chicago way.โ
Thomas FrankPrivatizing bits of the prison industry was a step in the right direction, but what we didn't have - until recently - were proper instruments for incentivizing the judiciary. That's what the 'kids for cash' judges were apparently experimenting with.
Thomas Frank