He believes that to preserve an open society we really do need, as Trump has said, to “drain the swamp.” Getting big money out of politics would enable us, for example, to combat the rigidities and high prices of monopolies through strong antitrust enforcement, and to remove the exorbitant privileges that allow big banks to make profits at the expense of the rest of society.

The banks that created the calamity got bailed out and no top executive went to jail, but millions of people lost their jobs, savings and homes.

This is because inequality erodes two foundation stones of modern society — openness to new ideas and opportunities, and a conviction that all citizens are morally equal.