Bio: New York
Times Columnist

The collapse of the economy in the Great Recession gave us the starkest, most painful evidence imaginable of the failure of laissez-faire economics and the destructive force of the alliance of big business and government against the interests of ordinary Americans. Radical change was called for. (One thinks of Franklin Roosevelt raging against the “economic royalists” and asserting that “we need to correct, by drastic means if necessary, the faults in our economic system from which we now suffer.”)

But there has been no radical change, only caution and timidity and more of the same. The royalists remain triumphant and working people are absorbing blow after devastating blow. More than 1.2 million of the long-term jobless are due to lose their unemployment benefits this month.

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