Factoryocracy

Here's a letter to the Washington Post:

A prominent group of 18th century economic thinkers – the Physiocrats – argued that the ultimate source of all wealth is agriculture.  They regarded the then-just-emerging industrial sector to be sterile.

Harold Meyerson is a member of a group that we might call the "Factoryocrats."  Just as the Physiocrats misread the once-dominant role of agriculture as proof that the only truly productive activity is farming, Mr. Meyerson's histrionic fears about the...