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Gallup has found that Americans favor marijuana legalization now more than ever. A record-high 50 percent of Americans say the use of marijuana should be made legal, up 4 percent from last year and 14 percent from 2006. Now only 46 percent say marijuana use should remain illegal, according to a poll released Monday. "If this current trend on legalizing marijuana continues, pressure may build to bring the nation's laws into compliance with the people's wishes," Gallup noted.

It was Bill Clinton's campaign strategist, James Carville, who in 1992 created the election slogan: "It's the Economy, Stupid." For the 2010 Congressional campaigns, the slogan should have been: "It's Corporate Crime and Control, Stupid." But notwithstanding the latest corporate crime wave, the devastating fallout on workers, investors and taxpayers from the greed and corruption of Wall Street, and the abandonment of American workers by U.S. corporations in favor of repressive regimes abroad, the Democrats have failed to focus voter anger on the corporate supremacists. 

In the spring of 2000, I began a three-year stint on Citigroup's corporate-derivatives team. I was just months past my twentieth birthday, with no work experience to speak of, in a world beyond my imagination. As my boss summed me up after a day of interviews, I was "fucking unpolished." The credit-derivatives group, then just three or four people I sat next to, soon spawned an ever-expanding team managing ever-more complex creations: credit-default swaps, collateralized debt obligations, and the myriad other structures built with black boxes and shrouded by acronyms. Meanwhile, my group continued to peddle mostly the forbears of these recent menaces, the more mundane interest-rate swaps and Treasury-rate locks. The newer derivatives, though hardly identical to their predecessors, nonetheless evolved in similar environments, were likewise designed to manipulate risk, and were also customized on a trade-by-trade basis. Our clients were non-financial corporations, the Deltas and Verizons of the world, which relied on us for advice and education. Our directive was "to help companies decrease and manage their risks." Often we did just that. And often we advised clients to execute trades solely because they presented opportunities for us to profit. In either case, whenever possible we used our superior knowledge to manipulate the pricing of the trade in our favor.

I've written before about the crisis of inequality in the United States and about the quasi-religious abhorrence of "wealth redistribution" that causes many Americans to oppose tax increases, even on the ultra rich. The conviction that taxation is intrinsically evil has achieved a sadomasochistic fervor in conservative circles-producing the Tea Party, their Republican zombies, and increasingly terrifying failures of governance. Happily, not all billionaires are content to hoard their money in silence. Earlier this week, Warren Buffett published an op-ed in the New York Times in which he criticized our current approach to raising revenue. As he has lamented many times before, he is taxed at a lower rate than his secretary is. Many conservatives pretend not to find this embarrassing. Conservatives view taxation as a species of theft-and to raise taxes, on anyone for any reason, is simply to steal more. Conservatives also believe that people become rich by creating value for others. Once rich, they cannot help but create more value by investing their wealth and spawning new jobs in the process. We should not punish our best and brightest for their success, and stealing their money is a form of punishment. Of course, this is just an economic cartoon. We don't have perfectly efficient markets, and many wealthy people don't create much in the way of value for others. In fact, as our recent financial crisis has shown, it is possible for a few people to become extraordinarily rich by wrecking the global economy. Nevertheless, the basic argument often holds: Many people have amassed fortunes because they (or their parent's, parent's, parents) created value. Steve Jobs resurrected Apple Computer and has since produced one gorgeous product after another. It isn't an accident that millions of us are happy to give him our money. But even in the ideal case, where obvious value has been created, how much wealth can one person be allowed to keep? A trillion doll

President-elect Barack Obama offered Americans a unique opportunity to directly relay their concerns to the incoming administration when his change.gov website unveiled its "Open for Questions" tool late last week. The result of that tool's first round of voting may have surprised Obama and his staff: two of the top ten questions -including the highest ranking question - concerned marijuana policy and questions that challenged the drug war in general took 16 of the top 50 spots. Many were disappointed, though unsurprised, by the administration's response to the question that landed in the top slot. When asked whether or not he would "consider legalizing marijuana so that the government [could] tax it, put age limits on it, and create millions of new jobs [and] a billion dollar industry right here in the U.S.," Obama's team responded with a resounding "no," stating simply that the President-elect "is not in favor of the legalization of marijuana."

A methodology and philosophy of revolution is neither born nor accepted overnight. From the moment it emerges, it is subjected to rigorous tests, opposition, scorn and prejudice. The old guard in any society resents new methods, for old guards wear the decorations and medals won by waging battle in the accepted manner. Often opposition comes not only from the conservatives, who cling to tradition, but also from the extremist militants, who favor neither the old nor the new.

A couple of years ago, a Republican committee staff director told me candidly (and proudly) what the method was to all this obstruction and disruption. Should Republicans succeed in obstructing the Senate from doing its job, it would further lower Congress's generic favorability rating among the American people. By sabotaging the reputation of an institution of government, the party that is programmatically against government would come out the relative winner.