Saturday, July 07, 2012

Sins of The Mixed Economy Visited On Capitalism

The way the narrative about the economic crisis has been written by the statists is instructive and the unchallenged smears levelled against Capitalism have been unconscionable.See,the statists argue,this is the failure of capitalism when of course it is gross interference in the market by various governments that caused the crisis in the first place with their ill advised regulation,meddling and too big to fail bailing out of banks via taxation and pressurising of banks to dispense housing loans to people who could never afford them which caused the housing crisis..Whatever else this was it was not Capitalism but more like phoney crony corporatism.Still the narrative persists and the anti banking,anti business,anti Capitalist rhetoric is ratcheted up by the Leftists who see this as their chance to claim the moral highground and reimpose their collectivist solutions.If they are allowed to do this by default in the absence of a vigorous defence of freedom liberty and capitalism we will surely enter another dark night of the soul of collectivism in a back to the future socialist dystopia.

No comments: