Hugh, 

Well said. Thanks, as always, for your sharp insights. I feel compelled to point out, however, that Democrats have been almost as guilty of promoting cowboy capitalism as the Republicans. See "Listen Liberal" by Thomas Frank for a recent history of the Democrat side.

"Hailed as “the most prescient book” of the year, Listen, Liberal accurately described what ailed the Democratic Party even before the election of 2016 made their weaknesses obvious. It is the story of how the “Party of the People” detached itself from its historic constituency among average Americans and chose instead to line up with the winners of our new economic order....  Drawing on years of research and firsthand reporting, Frank points out that the Democrats have over the last decades increasingly abandoned their traditional goals: expanding opportunity, fighting for social justice, and ensuring that workers get a fair deal."

http://amzn.to/2qP3B6x

Lynn