In the early 20th century, sociologist Max Weber noted that sweeping industrialization would transform how societies worked. As small, informal operations gave way to large, complex organizations with clearly defined roles and responsibilities, leaders would need to rely less on tradition and charisma, and more on organization and rationality. He also foresaw that jobs would need to be broken down into specialized tasks and governed by a system of hierarchy,
Join renowned political economist and former U.S. Secretary of Labor Robert Reich for a timely in-person conversation on the state of American democracy, featuring celebrated journalist Michael Lewis. Drawing from Reich's new memoir, Coming Up Short -a deeply personal reflection on his life and career-and Lewis's latest edited volume Who Is Government? , the discussion will explore the cultural, political, and economic forces that have brought our democratic institutions to a critical crossroads. Together, Reich and Lewis will examine not
Donald Trump's attempt to sack the Federal Reserve governor, Lisa Cook, is the familiar authoritarian trick of bending institutions to serve the leader's immediate ends. The widespread condemnation is deserved. This is not some daring experiment in popular control of monetary policy. Yet what should follow censure is reflection. For the furore over Ms Cook has revealed a peculiar reflex: to defend the Fed's independence as though it were synonymous with democracy itself. But is independence of the Fed, or central banks generally, really that?
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