Arianna Huffington: The collapse of Communism as a political system sounded the death knell for Marxism as an ideology. But while laissez faire capitalism has been a monumental failure in practice, and soundly defeated at the polls, the ideology is still alive and kicking. If a politician announced he was running on a platform of "from each according to his ability, to each according to his need" he would be laughed off the stage. That is also the correct response to anyone who continues to make the case that markets do best when left alone. It's time to drive the final nail into the coffin of laissez faire capitalism by treating it like the discredited ideology it inarguably is. If not, the Dr. Frankensteins of the right will surely try to revive the monster and send it marauding through our economy once again. Click here to read more.24 Δεκ 2008
Laissez-Faire Capitalism Should Be as Dead as Soviet Communism
Arianna Huffington: The collapse of Communism as a political system sounded the death knell for Marxism as an ideology. But while laissez faire capitalism has been a monumental failure in practice, and soundly defeated at the polls, the ideology is still alive and kicking. If a politician announced he was running on a platform of "from each according to his ability, to each according to his need" he would be laughed off the stage. That is also the correct response to anyone who continues to make the case that markets do best when left alone. It's time to drive the final nail into the coffin of laissez faire capitalism by treating it like the discredited ideology it inarguably is. If not, the Dr. Frankensteins of the right will surely try to revive the monster and send it marauding through our economy once again. Click here to read more.
