Historian Herbert Aptheker, author of American Negro Slave Revolts, editor of the writings of, and literary executor of W.E.B. DuBois, and of the Documentary History of the Negro People in the United States and numerous other works on Black history, wrote a comprehensive analysis in 1955 . It was reprinted in Dr. Aptheker’s History and Reality, under the title “Walter Lippmann and Democracy” Here are three short excerpts:
We shall not enter into the game of guessing Mr. Lippmann motivations because we do not know him or them; because we are interested in his ideas, not his psyche; and because, therefore, his personal motivations are irrelevant to our inquiry.
All of his political activities and intellectual endeavors since then  have been directed towards preserving monopoly capitalism by bringing to the rich responsible thinking geared to their interests, by urging upon them a “reasonable” approach, and by attacking democratic concepts and practices.
Mr. Lippmann, with the exception of his extreme youth, has always been anti-democratic; his latest book confirms and sharpens his anti-democratic outlook.
Read the full analysis