We are moving toward a closer entanglement of business, finance and government than anything the United States has known since the end of World War II. In another political system, the interpenetration of power and money would spark justified fears of authoritarianism. The vice of the American political system is not authoritarianism. It is corruption.

Shrum has generously volunteered to save Republicans from the political dangers of “Hoover time.” But who will save America from the economic dangers of Chicago’s “Daley time?”

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