The other day I sought a respite from current events by re-reading some of the writings of 18th century British statesman Edmund Burke. But it was not nearly as big an escape as I had thought it would be.

When Burke wrote of his apprehension about "new power in new persons," I could not help think of the new powers that have been created by which a new President of the United States — a man with zero experience in business — can fire the head of General Motors and ...

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