American Democracy and the Tyranny of Old Prejudices
By wchung | 21 Mar, 2026

Barrack Obama has had his mandate truncated for failing to fix in one year and ten months an economy broken by two decades of irrational real-estate speculation.

This morning I watched the President focusing mightily to avoid hinting at his deep frustration at the unfairness of the election outcome. The Americans least able or willing to credit the heroic, largely successful effort made to avoid a far more painful collapse was the jury that decided that the President and his party were to blame for everything. The intellectually least qualified has just sent the country reeling back into the past.

It’s the aspect of the democratic process that makes you wonder if there isn’t a better form of government. It’s the aspect that makes the Chinese