Consolidating Power

Is the crisis all about consolidating power?

For quite a while, but especially over the last nine months, the best way to predict developments in politics and finance has been to ask: what will do the most to increase the concentration of power? Every headline, from the Geithner regulatory plan to the proposed cap on the charitable deduction, to the resignation of the General Motors CEO, should be viewed in that light.

If it is, I know Darwin won’t mind. He only cares about giving power to the state when Republicans are in office.

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