What stopped Obama from seizing his historical moment to stabilize the economy and the climate at the same time was not lack of resources, or a lack of power. He had plenty of both. What stopped him was the invisible confinement of a powerful ideology that had convinced him—as it has convinced virtually all of his political counterparts—that there is something wrong with telling large corporations how to run their businesses even when they are running them into the ground, and that there is something sinister, indeed vaguely communist, about having a plan to build the kind of economy we need,
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