Posts Tagged ‘financial crisis

27
Dec
08

Retort to Arianna Huffington’s anti-capitalism piece

I read the Huffington piece a few days ago. She keeps using the term Laissez-faire. Something that this nation has never really been. If the defenders of Marxism can state, without batting an eye, that true Marxism has not yet deployed, then we can also say the same for Laissez-faire capitalism. Good. This is not the cold, financial machine envisioned in Ayn Rand’s, Atlas Shrugged.

In this article, the author makes the obvious and excellent point that Huffington avoids. If we are to blame capitalism for the recession, to what do we point to as responsible for America’s success? Huffington would probably insinuate that America’s predatory economic practices and exploitation of second-rate economies has made us great, but now the chickens have come home to roost.

Lower regulation is good, but not really Laissez-faire.

Advertisements



Blog Stats

  • 155,105 hits

Flickr Photos

Advertisements