And it explains why when Obama aides this week demanded complete control over the second half of the Wall Street bailout funds, House Financial Services Committee chairman Rep. Barney Frank, D- Mass., shirked his oversight duties and said he's "willing to accept their word" that they will spend the money responsibly. In a czarism, that's what legislators do: "accept the word" of the czar.
In sum, it explains why the age-old struggle between capitalism and democracy is once again defining our politics - and why capitalism is now winning.
That triumph may be terrific for the czars and great for their industry suitors, but as the founders would likely agree, it is a Pyrrhic victory for America.
click here
1 | 2
David Sirota is a full-time political journalist, (
