November 9, 2012

MICHAEL GREVE: A Constitutional Moment. Sometime? “For advanced democracies in the transfer state predicament, there are only two ways out. One is a responsible Social-Democratic party that is (1) cognizant of the fact that a wrecked economy would also wreck its constituencies and (2) capable of holding labor unions in line. Successful reform countries—Canada, Germany, Sweden, and (more arguably) Brazil—all have that dynamic in common. America had but forfeited that chance in 2008, with Mr. Obama’s victory over Mrs. Clinton. The moment is gone for good, and Mrs. Clinton (should she enter the 2016 sweepstakes that started yesterday) will go nowhere. The new face of the party is Elizabeth Warren et al.—brutal, ruthless hacks from Harvard.”