Monday, November 17, 2008

Capitalism versus Free Markets

Rand Simberg has thoughts on that, and the division between statists and dynacists.

Who is the conservative — the person who wants the taxpayer to maintain the status quo at the cost of future wealth generation, or the person who favors letting the market work its course and redeploy the economic resources in a more fruitful direction?

There was another politician who abhorred "change," implementing policies to preserve wages and prices, even jailing people for charging five cents too little for cleaning shirts. In reaching back decades to the failed philosophy of Franklin Roosevelt, which was what made the Great Depression great, extended its duration by seven years, and prevented the creation of an unknowable amount of wealth that might have stood us in good stead in World War II, Barack Obama isn't offering us "change we can believe in." He isn't offering us change at all. He's simply come up with an economically destructive conservatism and stasism, as old as FDR and Mussolini — or even Karl Marx, if not older.

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