“In one, America will continue to be an exceptional nation organized around the principles of free enterprise—limited government, a reliance on entrepreneurship and rewards determined by market forces. In the other, America will move toward European-style statism grounded in expanding bureaucracies, a managed economy and large-scale income redistribution.” Gee, they really aren’t very biased there, are they? ~~
Re: the cherrypicked Jefferson quotations. I can cherrypick some of TJ’s best stuff, too. To wit: “The poor who have neither property, friends, nor strength to labor are boarded in the houses of good farmers, to whom a stipulated sum is annually paid. To those who are able to help themselves a little or have friends from whom they derive some succor, inadequate however to their full maintenance, supplementary aids are given which enable them to live comfortably in their own houses or in the houses of their friends. Vagabonds without visible property or vocation, are placed in work houses, where they are well clothed, fed, lodged, and made to labor.” Link TJ also said, “Whenever there is in any country uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right.” Link
“The statist narrative also held that only massive deficit spending could restore economic growth.” Well, stimulus spending is counted in the GDP. And economic growth is measured by GDP. Therefore, by definition, stimulus spending restores economic growth.
”‘Generally, do you think people are better off in a free-market economy, even though there may be severe ups and downs from time to time, or don’t you think so?’ Almost 70 percent of respondents agreed that they are better off in a free-market economy, while only 20 percent disagreed.” It depends what you mean by “free market economy.” Interestingly, the people that I hear most often touting a “free market economy” as the cure for the economy are often the ones who also promote tort reform and limited liability for corporations. Yet only when they are fully responsible for their errors can a free market exist, which economist Milton Friedman expressed in an interview. If we’re better off under a free market economy, why not push for an actual free market economy?
“Free enterprise brings happiness; redistribution does not.” My response. Please note that some of the most “evil, redistributive” countries top the “Happy” list, whereas the U.S. does not.
“Benjamin Franklin (a pretty rich man for his time) grasped the truth about money’s inability by itself to deliver satisfaction. “Money never made a man happy yet, nor will it,” he declared. “The more a man has, the more he wants. Instead of filling a vacuum, it makes one.”” Yet the article is lauding “earned money” as the key to happiness. Which way does the article want to go?
” And that’s exactly what the free enterprise system does: It makes earned success possible for the most people. This is the liberty that enables the true pursuit of happiness.” Interestingly, it also enables the rich to get richer and the poor to get poorer, too. While I’m sure the top of the pyramid is quite happy, there are many more at the bottom of the pyramid. Also, the notably “socialist” countries actually have more social mobility than we do in the U.S., implying that free enterprise is alive and well in those nations. From my link: ” If you believe your society is already economically mobile, you don’t spend a lot of time trying to solve the problem of insufficient economic mobility.”
“This defense is already underway, in a disorganized, grass-roots, American kind of way. Protests against the new statism have flared around the nation for more than a year.” I disagree that it’s disorganized, or grass-roots. The Tea Party, which I must assume they’re talking about, is well-funded, trying to sell $300—$500 a plate dinner fund raisers, and is also well-organized, by Dick Armey’s FreedomWorks. Since Dick Armey lobbies for Big Business, I have to see a connection between what Big Business wants and what Dick and his organization are pushing for. It would seem to mesh nicely, that Big Business interests are, well, interested in keeping up the status quo, since that’s how they profit.
Re: the comparison of the protests in the USA and in Greece: It is important to understand, too that the U.S. nothing like Greece when it comes to this.
“We stand for equality of opportunity” Do an inner-city kid and Warren Buffet’s kids have exactly the same opportunity to go to college, work hard, and make lives for themselves? Republicans would say yes, but I disagree. To work for real equality of opportunity, far more social justice is needed – and social and economic justice and true opportunity are what this article is railing against.
In short, people who do approve of the Free Enterprise-like status quo do so because they believe that they, too, can become as prosperous as the big guys with just a few lucky breaks and hard work. They seem to ignore that the system is tilted against them. It’s hard to believe that people could vote against their best interests, but they do.
I could go on, but this is already so long that I doubt anyone will actually read it. ;) If you’ve made it this far, good on you.