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The previous reviewer sums up one of the books main ideas very well. Another argument of the book is that power in America is almost totally monopolized by the two parties -- contrary to most opinion today which seeks to blame anyone and everyone for our problems except the most obvious suspects, the politicians who pass laws and frustrate reform. Since so many pundits blame either the "liberal media elite" or monopolistic corporations for our woes, Karp details the ways in which both groups are under the complete domination of the two parties (his analysis of the media is part of a separate book _Buried Alive_). As Karp points out, the idea isn't new. Madison, Jefferson, Washington, et. al. shouted until they were hoarse about the necessity of zealously watching politicians and rulers. They had little if any concern about journalists, manufacturers and bankers, except insofar as they might become willing tools for would-be despots and oligarchs. But no one except Karp has thoroughly explored the implications of this founding belief in the modern political context.
* Party oligarchs and their Cold War statism highlights his "principle of waste."
* A State inherently tends toward collusion and monopoly-granting, and therefore expansion, and this necessarily leads to war.
* Special privilege is in direct odds with liberty and self-rule, and only serves to further entrench a ruling political elite. And this he says, is a result of the "Hamiltonian tradition."
* Political ideology necessarily takes the form of the ruling bureaucracy.
*Decentralization [and hence, secession] is the key to breaking the back of the Hamiltonian system.
Karp, a revisionist historian, takes on such sacred cows as FDR, Wilson, Johnson, McKinley, Hamilton, and trade unions (gasp!). It's one of the best books ever on raw political machinations.