Tag Archive 'free market'

Athens into Persepolis

Rasmussen has polled the public on whether they agreed with President Bush’s characterization of capitalism as the “highway to the American Dream.” Only 44% voiced support for capitalism, 33% were undecided and 22% expressed opposition. A grim finding. Only Republicans marshaled an absolute majority of support for the system, commendably voting 4:1, independents had a plurality of support, and Democrats were evenly split.

It should be observed that it is not without historical precendent that a victorious power would quickly wish to transform itself into the image of the enemy it proved its system utterly superior to, rejecting the values and virtues which had enabled her to triumph, in favor of those which had condemned her adversary to defeat. Indeed, it’s a bizarre but relatively common historical temptation if considered.

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Mixed Economies: Efficacy Without Moral Narrative


(photo: Ian Murchison | website)

The nationalization of Fannie & Freddie is often presented as a crisis of faith for the political right, due to its manifest incompatibility with the advertised belief in the “free market.” However, Sunder Katwala at NextLeft cleverly recognizes that it also presents a challenge to orthodoxy on the left, given that the insisted purpose of the nationalization isn’t government ownership, but to rescue businesses for a stable return to the private sector.

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Free Market Reforms

More successful politically than is commonly believed.

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