Tuesday, December 23, 2008

From Huffington Post ...

Laissez-Faire Capitalism Should Be as Dead as Soviet Communism

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.

The only place you can find an American Marxist these days is teaching a college linguistic theory class. But you can find all manner of free market fundamentalists still on the Senate floor or in Governor's mansions or showing up on TV trying to peddle the deregulation snake oil.

Ideologies, by definition, never work, simply because they're conjured up in the mind with a perfect universe, and in a perfect universe, either Marxism or Laissez-Faire Capitalism would work.

A strong economy will be a working partnership between the conscience of Marxism and the energy of Capitalism ... a realpolitik rather than ideology.

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