The economic crisis has literally changed the rules of government. The executive branch has overseen an injection of trillions of public funds into the private sector — and without admitting it, has essentially conceded that American-style capitalism, which has been viewed as holy writ by economists, journalists, academics and politicians for 30 years, is not sustainable. There are still many unknowns about how Barack Obama will govern when he takes office later this month, but one thing is clear: Obama will have enormous power. [...]

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