With regard to the political system, the Reagan era represents a significant advance in capitalistdemocracy. For eight years, the U.S. government functioned virtually without a chief executive. That is animportant fact. It is quite unfair to assign to Ronald Reagan, the person, much responsibility for thepolicies enacted in his name. Despite the efforts of the educated classes to invest the proceedings with therequired dignity, it was hardly a secret that Reagan had only the vaguest conception of the policies of hisadministration, and if not properly programmed by his staff, regularly produced statements that would havebeen an embarrassment, were anyone to have taken them seriously. The question that dominated the Iran-contrahearings -- did Reagan know, or remember, what the policy of his administration had been? -- was hardly aserious one. The pretense to the contrary was simply part of the cover-up operation; and the lack of publicinterest over revelations that Reagan was engaged in illegal aid to the contras during a period when, he laterinformed Congress, he knew nothing about it, betrays a certain realism.