by Chidem Kurdas
James Galbraith puts a dramatic spin on recent history in his new book, “The Predator State.” He argues that the American government was used to plunder public resources for private gain. That certainly rings true, one obvious new example being the pork projects added by Congress to the financial bailout bill. You might think Mr. Galbraith favors limits on the state.
No such thing. He calls for more government with nary a mention of restraint. The twist is that he attributes the looting of the Republic almost exclusively to Republicans.
“Today, in the great policy house of the conservatives, there are only lobbyists and the politicians who do their bidding. There are slogans and sloganeers. There are cronies and careerists,” he writes. Continue reading