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Populism is the simple premise that markets need to be restrained by society and by a democratic political system. We are not socialists or communists, we are proponents of regulated capitalism and, I might add, people who have read American history.
Molly Ivins
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Interpretation

What this quote means

Populism advocates for regulating markets to ensure they serve society and democracy.

The quote by Molly Ivins emphasizes the idea that while markets should operate freely, they must also be guided and restrained by societal values and democratic principles. Ivins distinguishes populism from socialism and communism, highlighting a commitment to regulated capitalism that acknowledges the historical context of America, suggesting that a balance between free markets and societal responsibility is essential for a functional democracy.

Themes

PopulismMarketsRegulationCapitalismDemocracy

In practice

Example use cases

This quote can be used in a political debate to illustrate the importance of regulating markets.

More from Molly Ivins

Racists seem obsessed by the idea that illegal workers - the hardest-working, poorest people in America - are somehow getting away with something, sneaking goodies that should be for Americans. You can always avoid this problem by having no social services. This is the refreshing Texas model, and it works a treat.
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Imagine wasting all that perfectly good anger on paranoid fantasies. Not since Emily Litella got upset about "Soviet jewelry" has there been such a waste of anger. You will notice a certain theme to these Emily Litella Moments. Behind them all is a touching faith that someone, somewhere is actually in charge of what's happening - a proposition I beg leave to doubt.
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All anyone needs to enjoy the state legislature is a strong stomach and a complete insensitivity to the needs of the people. As long as you don't think about what that peculiar body should be doing and what it actually is doing to the quality of life in Texas, then it's all marvelous fun.
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I really do think we're going through a period of concentration of ownership of media, and we're starting to see the effects at the editorial level, and it's all bad. This increased pressure for profits every quarter, smaller news hole, less coverage of important stuff - the extent that it's become one giant infotainment industry.
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