In his new book Wealth and Democracy: A Political History of the Rich, Kevin Phillips fell for one of the numerous bogus Lincoln quotes that fill the literature on The Great Emancipator. The historian Paul Kennedy fell for it, too, in his review of the Phillips book in the New York Times. The bogus quotation is: "The money power preys upon the nation in times of peace, and it conspires against it in times of adversity. It’s more despotic than monarchy. It’s more insolent than autocracy. It’s more selfish than bureaucracy…. Corporations have been enthroned, and an era of corruption … Continue reading Abeolony
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