End of This Phase of American History?
James DeLong offers a provocative argument in the American. He says that we are experiencing the"Special Interest" phase of American history (the third major era), and that this might end--possibly because raiding the Treasury can't go on forever.
The "Special Interest" phase ...
Another possibility?
Confusion!
I find DeLong's efforts to talk of continued Republic phases utterly confusing. If, in the New Deal, so-called phase of our Republic, the Federal Gov't by his own description already had "unbridled" power, how could it be said the US was really still a Republic by any meaningful definition of that term? Little Jamie Madison, with his notion of "Feudal" Republics, must be rolling over in his grave.
John Adams in 1775 phrased it very nicely, that a Republic had a rule of Law, an Empire was rule by despotic men without any sense of Law. That is a pretty apt description of America today.
To call this a "Third Republic" is nonsense! It is, perhaps, the Fourth stage or phase of Empire, to be a bit more accurate.
With great structured pretense, he has given us verbal garbage, or at the very best, garbled verbiage!