Regardless of the need for reform, it isn't going to happen for these structural reasons.
The list of public/private institutions that desperately need structural reform is long: the Pentagon, healthcare (a.k.a. sickcare), Social Security, the complex mish-mash of programs that make up the Welfare State, the 73,000 page tax code, public pensions and the financial sector, to name just the top few.
Every reasonably informed person knows that all these institutions need deep, systemic reforms, not another layer of bureaucratic oversight or a few policy tweaks. As evidence that the Status Quo is finally confessing to the obvious, please read Can America Be Fixed? The New Crisis of Democracy by Fareed Zakaria (Foreign Affairs).
The article lays out the unsustainability of current public/private institutions and policies in irrefutable detail.
Regardless of the need for reform, it isn't going to happen for these structural reasons.In a nutshell, the public-relations America presented by the mainstream media and the State bears little resemblance to the actual machinery of finance and governance. ...