Sam Pizzigati edits Too Much, the Institute for Policy Studies' weekly on excess and inequality. This piece is adapted from his new book, The Rich Don't Always Win: The Forgotten Triumph over Plutocracy that Created the American Middle Class, 1900-1970.

Close your eyes in Washington these days and you can almost hear the echoes of 1932. Eighty years ago, just like today, a fiscal crisis almost totally dominated the nation's capital.

Then, as now, fiscal conservatives demanded immediate action to fix a federal budget awash in red ink. And then, as now, average Americans wondered why all the fuss about deficits. The Depression was in its third year, and millions had no jobs. Why were politicians haggling about balancing the budget?

Is history simply repeating? If so, bring that repeat on, with the same final result. That 1932 fiscal crisis produced an unexpected, and stunning, watershed in U.S. history, the moment when America's rich and powerful began to lose their lock-grip on the nation's political pulse... 

Mr. Kaplan is chief geopolitical analyst for Stratfor, a private global intelligence firm, and author of The Revenge of Geography (Random House, 2012).

Thomas Sowell is a senior fellow at the Hoover Institution.

The political slogan "Forward" served Barack Obama well during this year’s election campaign. It said that he was for going forward, while Republicans were for "going back to the failed policies that got us into this mess in the first place."

It was great political rhetoric and great political theater. Moreover, the Republicans did virtually nothing to challenge its shaky assumptions, though a few hard facts could have made those assumptions collapse like a house of cards.

More is involved than this year’s political battles. The word "forward" has been a political battle cry on the left for more than a century. It has been almost as widely used as the Left’s other favorite word, "equality," which goes back more than two centuries.

The seductive notion of economic equality has appealed to many people. The pilgrims started out with the idea of equal sharing. The colony of Georgia began with very similar ideas. In the Midwest, Britain’s Robert Owen — who coined the term "socialism" — set up colonies based on communal living and economic equality.

What these idealistic experiments all had in common was that they failed...

Nabila Ramdani is a Paris-born freelance journalist and academic of Algerian descent. She specialises in Anglo-French issues, Islamic affairs, and the Arab World.

It is now half a century since Algeria, the jewel in the crown of Gallic imperialism, was finally granted independence, so ending 132 years of often barbarous rule from Paris that culminated in a war in which more than a million Algerians died. This week the French president, François Hollande, is on a two-day state visit to the country. His main task is effectively to offer a qualified apology for what happened, and thus "turn a page" in arguably the darkest chapter in France's recent history. Moreover, Hollande will use the platitudinous jargon of modern global government to make the case for increased economic integration between the two countries, highlighting France's continuing friendship with her oil- and gas-rich North African partner.

Apologies and clean slates are to be welcomed in any language. Bitterness over a uniquely savage history achieves nothing in terms of economic policy. France is now Algeria's main trade partner, and it has to compete with countries including Britain, China and the US for highly lucrative markets. Algeria's president, Abdelaziz Bouteflika, will use the two-day visit to show off positive business developments in the relationship between the two countries, including the building of a new Renault factory in Oran and the signing of at least 15 new contracts for the construction of trams, water-treatment plants, telecommunications and other infrastructure projects.

There is irony in Hollande, a socialist with an avowed dislike of the go-getting rich, seeking to expunge a dark colonial legacy with the promise of corporate profit. But he has displayed a genuine commitment to change. His presidential entourage in Algeria is one of the biggest ever, and he will become the first French head of state to address both houses of parliament in Algiers since the country's independence in 1962. Earlier this year Hollande broke the official state silence over the murders of as many as 200 Algerians (estimates of the exact number vary) during a pro-independence demonstration in Paris in October 1961, recognising the "bloody repression" of thousands of Algerians living in mainland France.

What Hollande's trip to Algeria fails to acknowledge, however, is just how oppressed so many French-Algerians still feel today...

Adam Winkler is a professor at UCLA School of Law and the author of Gunfight: The Battle over the Right to Bear Arms in America.

Gun control is one of the great pieces of unfinished business for the Democratic Party. Although the party has never been unified in its support of restrictive gun laws – indeed, gun control historically transcends the usual party lines – for the past century Democrats have pushed for a more vigorous role for government in regulating guns. They’ve been largely unsuccessful, however, and lately Democrats have made Avoid Gun Control an informal plank in the party’s platform.

The Newtown massacre however may have changed all that.

Like health care, social security, and so many other issues central to the Democratic agenda, the party’s support for gun control stems from Franklin D. Roosevelt. For most of American history, regulation of guns was a matter of state law. State-level regulation, however, came under tremendous pressure during the 1920s and 30s, when Prohibition-era gangsters like Al Capone overwhelmed local police resources and traveling desperadoes like Bonnie and Clyde easily escaped capture by racing across state lines. FDR promoted a "New Deal for Crime," which, like his other New Deal policies, involved expanding the role of the federal government in serving the people.

Roosevelt’s original proposal for what would become the National Firearms Act of 1934, the first federal gun control law, sought to tax all firearms and establish a national registry of guns. When gun owners objected, Congress scaled down FDR’s proposal to allow only for a restrictive tax on machine guns and sawed-off shotguns, which were thought to be gangster weapons with no usefulness for self-defense.

Congress watered down FDR’s bill because of concerns about maintaining the right of people in rural communities, where there was little police presence, to have handguns for protection—not because of the Second Amendment. In congressional hearings into the NFA, Karl Frederick, the leader of the NRA, was called to testify. When asked if the Second Amendment imposed any limitations on what Congress could do in regulating guns, the NRA president’s reply was surprising: "I have not given it any study from that point of view.".. 

Peter Beinart, editor of OpenZion.com at the Daily Beast, is author of The Crisis of Zionism.

In signaling that he’s likely to select Chuck Hagel as his secretary of defense, Barack Obama is sending a message about his second term. In the decade since 9/11, the spirit of Harry Truman has dominated American foreign policy. Now it may be giving way to the spirit of Dwight Eisenhower. And that could make all the difference in the world.

Truman’s foreign policy was grand. In March 1947, in his speech to Congress requesting aid to Greece and Turkey, and then, more comprehensively, in a secret 1950 strategy paper entitled NSC 68, Truman committed the United States to containing communism everywhere on earth. It was a stirring cause, and hubristic beyond words. The United States lacked the money and manpower, not to mention the wisdom, to ensure that no new nation embraced communism (itself an ill-defined term). And by making global containment the centerpiece of American foreign policy, Truman set America on the path to Vietnam.

George W. Bush, who had avoided his own rendezvous with Vietnam, loved the bigness of Truman’s vision, and set out to emulate it. Thus was born the "war on terror": a vow to use force, or the threat of force, to prevent any new adversary from acquiring nuclear weapons and, ultimately, to transform dictatorships into democracies and foes into clients. That limitless quest has led the United States into unwinnable wars in Afghanistan and Iraq, and threatens to bring us into a third, in Iran. And like Vietnam, it has helped bring us to the brink of insolvency as well.

Barack Obama knows this. But fearful of the Bush-era right, he has failed to break decisively with the hubris he inherited...

Paul Brandus is an award-winning member of the White House press corps who founded West Wing Report in 2009. Follow him on Twitter: @WestWingReport.

...Republicans, at least some of them, used to have the courage and honesty to speak out against assault weapons. The most prominent example, ironically, is the one man today's GOP claims to revere above all: Ronald Reagan.

In May 1994, the former president joined Jimmy Carter and Gerald Ford to support a ban on the future manufacture, sale, and possession of assault weapons. In a letter to the House of Representatives, the three leaders said: "This is a matter of vital importance to the public safety… Although assault weapons account for less than 1 percent of the guns in circulation, they account for nearly 10 percent of the guns traced to crime." They continued: "While we recognize that assault-weapon legislation will not stop all assault-weapon crime, statistics prove that we can dry up the supply of these guns, making them less accessible to criminals… We urge you to listen to the American public and to the law enforcement community and support a ban on the further manufacture of these weapons."

The assault weapons ban passed, a rare defeat for the NRA. But the NRA was able to water the measure down: It would be in place for just 10 years and would not apply to any weapon produced prior to the signing of the bill into law....