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    Common Dreams

    In the years following the publication of Galbraith's short volume, a wave of advocates of a "Third Way" rose to prominence, promising private sector growth and an end to "the era of big government." Bill Clinton emerged as the movement's torchbearer, calling forth a "New Covenant" that would revitalize the economy and move the Democratic Party beyond the traditional strictures of "tax-and-spend liberalism."
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