Portside

One of the great "What if?" questions of the 20th century is how America would have been different if Henry Wallace rather than Harry Truman had succeeded Franklin Roosevelt in the White House. Filmmaker Oliver Stone has revived this debate in his current ten-part Showtime series, "The Untold History of the United States," and his new book (written with historian Peter Kuznick) of the same name.

Why, given the failure of austerity economics, haven't we seen a policy shift to stimulation of the economy?...the push for yet greater austerity has less to do with a deep concern by Europe’s elites over debt—it is high but manageable—than as part of a stealth campaign aimed at dismantling rules and regulations that protect worker rights, unions, and the environment. Meanwhile Washington is concerned with the effect of the economic crisis on the viability of NATO.