The great liberal economist John Kenneth Galbraith argued in his first book that modern American corporations were so powerful that the old notion of competition was no longer valid. Corporations could and did control prices. Yet we were not able to do without them. He believed this made necessary some countervailing forces which would be, in effect, the competition that kept things under control. Those forces included labor unions, demands of the work force, social necessities and so on. It had become necessary for the middle class, the working class, to speak up.
News was released early last week that current tax cuts would help mainly the rich but also the middle class. Late in the week more specific and quite startling figures were announced in the SF papers: average cuts of $20 for a middle class family and $42,000 for a wealthy family. Seems unbelievable. If you have better figures, please inform me. With distorted economics like that it becomes necessary to remind ourselves that Democrats are the defenders of the middle class and that most Americans are middle class. Some people in their haste to rise in this world and to emulate those they think are their betters believe that Republican economics speaks for their interests. It's a sucker's position.
The duty of the Democratic party at this moment is to be a countervailing force and bring normal controls to a political process run amuck. Remember there are more of us than of them.