The Rich Turn Left

“The Democratic Party has moved to the left even as its take from financiers has soared,” says a new book on politics. Slate replies that a Democratic move to the right better explains the donations. A new book by David Callahan, Fortunes of Change: The Rise of the Liberal Rich and the Remaking of America, says our nation’s wealthiest have taken a left-hand turn. Slate disagree: “It’s that American liberalism itself no longer feels the need to espouse an economic agenda that is decidedly different from that espoused by conservatives. Economics has been surgically removed from the realm of politics and transplanted into a technocratic robot that is run by the Federal Reserve and its acolytes.”