Sundown
David Stockman rests his analysis of recent economic history upon one basic presupposition, whose modesty is expressed by an intrinsic inclination to a negative form: Radical dishonesty cannot provide a foundation for enduring financial value. This assumption suffices to expose the otherwise scarcely comprehensible rottenness of American public affairs, to organize an integral understanding of the gathering calamity, and to marginalize his work as the over-excited howl of a lonely crank.
In any society where minimal standards of civil decency were still even tenuously remembered, his ideas would be simple common sense. In the bedlamite orgy we in fact inhabit, Stockman’s thoughts appear wildly counter-intuitive, rigidly structured by uninterpretable imperatives, and suffused by an improbable aura of doom. In fact Stockman is quite clear — implicitly — that under American political conditions sanity was strictly unobtainable. The coming calamity fulfills a (bi-partisan) democratic destiny — but that is to anticipate.