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The difference now — well, one difference — is we are living in a time without guardrails, when the ethos at the top seems to be Do What You Want, Lie Outrageously and Trust That You’ll Get Away With It, when all sorts of hard-won, long-established public goods are being crippled by executive caveat and formerly more-or-less independent institutions scramble to paint the roses red in order to keep their heads.

This will be compounded by an American social safety net that is already weak — and getting much weaker as the Trump administration’s budget cuts and other policies are put in place targeting such programs as social security, Medicare, Medicaid, housing support, food support, education and other public goods and services.

Not all regulations are smart and good regulations, and I think it's important for us as a party to understand and appreciate that if we're going to invest in our communities, if we want to invest in our communities and invest in public goods, that we make sure that investment actually materializes.

"This has left many farmers feeling frustrated and let down, with no clear opportunity to be rewarded for delivering public goods in the near future," he said.

In California, a state that “embodied the promise of American mobility” like no other, Ralph Nader began a campaign in the late 1960s to limit the conversion of “public goods into private assets” by discouraging real estate development and thus preserving the environment.