https://pjmedia.com/richardfernandez/2009/07/19/north-of-the-border/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usFri, 12 Jun 2026 23:39:09 -0400<![CDATA[Is America being increasingly dominated by an economic oligarchy? Simon Johnson an MIT Management Professor who was former Chief Economist of the IMF thinks so.  Johnson has advocated nationalizing the banks and argues that in fact that has happened to some degree. But it&#8217;s important to ask who has taken over whom, because if the foxes have taken over the henhouse, then one way to regard the Tea Party movement is as a protest movement against the transfer of wealth from the taxpayers to this new and immovable elite. If the links between the regulated and the regulator grow ever tighter, will Hope and Change result in effort to break the power of the oligarchy (assuming it exists) or become a program to concentrate control in their hands? Open thread.]]>Sun, 19 Jul 2009 04:12:34 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2009/07/19/north-of-the-border-n188827