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Posted on 05/08/2010 4:58:44 AM PDT by Anarchydeluxe
When the economic crisis hit in 2008, it was only a matter of time before the usual uninformed voices started bashing the private markets and capitalism. A system based on greed can never work, we were told. And the laissez-faire policies of George Bush led to the crisis. Now, these sorts of statements are ludicrous and utterly laughable for those of us who champion free market capitalism. George Bush was anything but laissez-faire, and, in fact, Bush increased regulation and government with acts such as Sarbanes-Oxley. Not only did he not reduce the welfare state, he also continued to fund the war state, although he ran as an anti-interventionist candidate in 2000. How this is laissez-faire is beyond me. Sure, Republicans and conservatives talk small government, but they never really bring about these goals when in political power.
While leftists were bashing the markets - this would also include McCain and other Republican candidates - politicians were throwing up smokescreens to direct attention away from their own participation in the market meltdown.
(Excerpt) Read more at anarchydeluxe.com ...
Most people are ignorant of the different economic systems and generally accepted concepts such as the law of supply and demand. This ignorance is seen among some conservatives who want to repeal the laws of economics when it comes to immigration as well as moderates and liberals.
We all want to live in the land-of-make-believe.
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