The American Way: Socialism for the Rich, Free Enterprise for the Rest

While it's not entirely clear who coined the phrase "socialism for the rich, free enterprise for the rest," its ability to provoke — and, more importantly, to describe — is beyond question.

There are numerous variations on the saying, but each articulates a reality of which we are all, in some way, aware: The bankers who wrecked the economy, for instance, understood that they would be subjected to a different set of rules than those they...read more.