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EmptyTimCup
Guest
this might be true, if government had left capitalism alone ... but as Hayak stated, the long a government is in power the more it slides towards socialism ... politicians looking to by an advantage have continued to monkey with capitalism thereby creating, intentionally or not, a self fulfilling prophecy of capitalism failure ........
[google the title, and the 1st link below the
'News for Free-market evangelists face a lonely fate'
should be the be the article .........
[google the title, and the 1st link below the
'News for Free-market evangelists face a lonely fate'
should be the be the article .........
Free-market evangelists face a lonely fate
After the cold war, many thought we had resolved the big questions about the relationship between public and private power. The leave-it-to-the-government view of Marxists had failed. The leave-it-to-the-market view of the disciples of Milton Friedman had triumphed. But their victory dance was premature. Not only had we not reached the end of history, we were entering a new phase of the centuries-old public-private contest for power: an era of competing capitalisms.
Now, in addition to the economic Darwinism of the Anglo-American model, and capitalism “with Chinese characteristics”, there is “Eurocapitalism”; the “democratic development capitalism” of India and Brazil, with their strong social agendas to go with their growth aspirations; and the small-state entrepreneurial capitalism of Singapore, the Gulf states and Israel.
The eurozone crisis underscores the need for activist governments to follow the more disciplined models of Europe’s north. But to suggest, as Mitt Romney has, that policy failures in southern Europe are an indictment of all socially orientated market policies, is to ignore the overwhelming message from the global marketplace. The US is wrong on the right balance between public and private power. The rest of the world stands ready to define capitalism in new and strikingly different ways.