http://www.nytimes.com/2005/03/06/books/review/006LIBERA.html?pagewanted=print&position=Obviously, I'd like people to go read the article beyond just the excerpts, because though it's by no means the end-all, it raises some interesting subjects.
Excerpt:
To move on to domestic economic policy, the Bush administration pursues a more market-oriented philosophy while liberals tend to pursue a more government oriented philosophy. Is there some meeting ground? TOMASKY. Not on Social Security. Social Security returns efficiencies that very few private programs of its sort can return. It's the greatest social insurance program devised by any government, ever. A lot of Democrats are open to some kind of private account on top of it. But as a principle Social Security is inviolate.
VANDEN HEUVEL. In fact, liberals and progressives have done a lot over the course of history to save the market from itself and from its excesses. And there is an interesting movement under way within the Democratic Party led by people like Eliot Spitzer and the treasurer in California, Phil Angelides, to use public pension funds to invest in what are called high-road investments: clean energy, high-wage enterprises. I think that's an interesting use of the market.
BEINART. I completely agree on Social Security. But I think liberals should be entirely empirical about market-oriented tax credits versus new government programs. Does a tax credit do something better or does a government program?
VANDEN HEUVEL. Something that hasn't been mentioned is labor, which I think is very important. Labor was a core component of the New Deal liberal coalition. Now it's under assault. It's a diminishing constituency, unfortunately, in the progressive liberal coalition.
TOMASKY. Labor can play a significant policy role if it becomes more powerful. Because that's how politics works. To me, the effort to organize Wal-Mart is what it's all about. That's a very hard fight that could take 20 years, but if the unions can organize the Wal-Mart stores that would be a titanic historical victory, like organizing the coal mines in the past.