If history is any guide, reform is likely to begin in America and inspire reform elsewhere. That’s because Americans have always tended to choose pragmatism over ideology. When we have recognized a problem and understood the reason for it, our habit has been to get on with the messy job of solving it. Whenever capitalism has before reached points of crisis, we have not opted for communism or fascism or any other grand scheme. Again and again we have saved capitalism from its own excesses by making necessary corrections. We have counteracted whatever political and economic power has become too
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