Nudge-ocracy

Like the New Democrats who ultimately shaped the Clinton administration's agenda, Obama has a deep respect for the market and wants to minimize the state's footprint on it. He has little interest in fixing prices or rationing goods or reversing free-trade agreements. But, while he basically shares the New Democrats' instincts, he rejects their conclusions. Reacting against the overweening statism of their liberal ancestors, many New Democrats came to believe that if government largely got out of the way and let markets work properly, the natural result would be widely shared prosperity. You only need to view the extent of Obama's domestic agenda to know he doesn't agree.

Nudge-ocracy

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Obama vs. Marx: Hint: One of them's not a socialist

The word "liberal" was first used in its modern political sense in 1812, when Spaniards wrote a new constitution liberating themselves from monarchical rule. As it happens, the word "socialism" originated in roughly the same period; it came into existence to describe the utopian ideas of the British reformer Robert Owen. Such timing suggests two possibilities: Either the fates of liberalism and socialism are so interlinked that one is all but synonymous with the other--or the two are actually competitors developed to meet similar conditions, in which case victory for one marks the defeat of the other.

Obama vs. Marx