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Tuesday, 20 September 2011 12:21

Book Review: Rethinking the American Union for the 21st Century

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During the fallout following the government bailout of banking, investment, insurance, and the auto industry, President Obama justified the extension of corporate welfare by informing the American people that these businesses were “too big to fail.”

Regardless of the logic of such a stance, in the history of republican political thought, the opposite of the Obama Doctrine has been asserted as axiomatic. As the theory went (goes), a republic cannot function properly toward the end of preserving liberty if it grows too large. One might say of republics that they can be “too big to succeed.”

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