Smoky Mountains Sunrise

Wednesday, February 11, 2009

Lincolnism Today: The Long Marriage of Centralized Power and Concentrated Wealth


From Chronicles
By Daniel Larison

In the Anglo-American experience, the partisans of concentrated wealth and advocates for political centralization have long been connected. Over the last three centuries, that connection has grown stronger, and in the United States this process accelerated dramatically during and after the Lincoln administration. Lincolnism, the idea that the central state can and should use its coercive apparatus to serve the narrow interests of an economic elite at the expense of the commonwealth, prevailed decisively in the War of Secession and during the decades that followed, with high tariffs, railroad subsidies, and the apportionment of public lands. Times have changed and so, too, have the specific policies that Lincolnists champion. But their basic goal remains the same, and the interests being served by Lincolnism over the years are remarkably similar in kind to those championed by Lincoln himself. In the end, Lincolnism is essentially a form of state capitalism, which Clyde Wilson has defined as “a regime of highly concentrated private ownership, subsidized and protected by government.”

1 comment:

Anonymous said...

Excellent post....clearly articulated and free of the pedantry that many contemporary academics confuse with intellect.

The article reminds one of the dominant government models one could find in older Eastern Europe or any time in South America; corrupt oligarchs and demagogues serving an economic elite, with a bone or beating thrown at the masses, when needed, to keep them in their proper servile and dependent state. The absence of an effective education system to form critical and discerning citizens are another feature. Bring on the Circus!