ah yes, that 'crisis of democracy' claptrap, as sam huntington (was he still on cia payroll at that time) asserted, problems stemmed primarily from too much popular participation & excessive expectations...
re. volcker, lest anyone forget that he was carter appointee, part of dem pitch to right, great idea - economic austerity, cut budget areas of constituencies, jack up military spending, be like rep party, voters will turn out in favorable droves...
btw: i recall reading somewhere that volcker contributed money to kerry campaign, dem faction of 'ruling class' includes certain investment bankers, urban real estate developers, hollywood moguls, a veritable egalitarian base... michael hoover
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