Putinism on American Soil
Trump's fusion of political power and personal enrichment may seem familiar. It's how his dear friend, Vladimir Putin, has ruled Russia.
America is often described as a democracy and a capitalist nation in the same breath, as if the two are natural allies. But our Founders knew better. They feared that the unbridled power of wealth — what Keynes would later call the “animal spirits” of capital — could overwhelm the democratic institutions they were building.
Today, that fear feels prophet…