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April 21, 2014

Warren's Campaign Book

The New Yorker reviews Sen. Elizabeth Warren's (D-MA) new book, A Fighting Chance, and notes it "only adds to the speculation that Warren is considering challenging Clinton for the Democratic nomination in 2016. And, even if Warren doesn't run, this book is part of that race."

"Warren's book was originally called Rigged, a reference to her contention that the American political system places power in the hands of plutocrats and bankers at the expense of ordinary, middle-class Americans... A Fighting Chance is in many ways heir to a book published a century ago. Other People's Money and How the Bankers Use It, by Louis Brandeis, appeared in the spring of 1914. Brandeis believed that the country was being run by plutocrats and, especially, by investment bankers, who, by combining, consolidating, and aggregating the functions of banks, trusts, and corporations, controlled both the nation's credit and the majority of its resources--including the railroads--and yet had not the least accountability to the public or any sense that the functions they had adopted were essentially those of a public utility."


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