The current crisis of the capitalist system seems so deep that even investment bankers, like Felix Rohatyn of Lazard Freres, are advocating “state planning of the economy.” There is, therefore, no question as to whether there will be structural change in our economic institutions. The issue before the nation is who is going to make those changes and how. Will they come from the corporate Right or from the democratic Left?
If they are to come from the democratic Left, it wil...
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