The Washington Monthly reviews the history of Populism and bring its essential ideas into the present era. The first Populists drew upon a political philosophy with roots back to the American Revolution and a belief that government must be run by the people. But largely forgotten— is the belief that the people are sovereign over the economy and have a responsibility to structure markets to promote the common good. “Democratic republicanism” says that just like political power, economic power must be distributed as widely as possible. Thus, the Populists focused much of their energy on combating efforts to monopolize commerce and natural resources, especially land. They also closely studied how to govern large corporations, and strongly supported unionization of workers and farmers to counter the power of concentrated capital... Here are facts/truths that our people do not realize.