The Hamilton Hustle | Matt Stoller
most of Hamilton’s legacy is astonishingly counter-democratic. His central role in founding both the financial infrastructure of Wall Street and a nascent military establishment (which supplanted the colonial system of locally controlled democratic militias) was rooted in his self-appointed crusade to undermine the ability of ordinary Americans to govern themselves. We should be grateful not that Hamilton structured the essential institutions of America to fit his vision, but that he failed to do so. Had he succeeded, we would probably be living in a military dictatorship.
(…) Within this context, it’s useful to recognize that Hamilton the play is not the real story of Alexander Hamilton; rather, as historian Nancy Isenberg has noted, it’s a revealing parable about the politics of the finance-friendly Obama era.