Piqued by curiosity I decided to read Arianna Huffington's latest column entitled "Laissez-Faire Capitalism Should Be as Dead as Soviet Communism." It's about 3 minutes of my life I will never get back. Rather than an insightful commentary, Huffington cites the New York Times article I discussed yesterday as basically the sum total of her evidence.
If the free market was really the bugaboo much of the left claims it is you'd think they could level more cogent criticisms.
In a comprehensive piece on what led to the mortgage crisis and the subsequent financial meltdown, the New York Times shows how the Bush administration's devotion to unregulated markets was a primary cause of our economy to ruin.The piece does nothing of the kind. Instead it shows how an ostensibly right-wing government attempted to use government to achieve desired social goals. Huffington either suffers from a lack of reading comprehension skills or is deliberately obfuscating the truth. Given her intelligence I suspect it is the latter.
If the free market was really the bugaboo much of the left claims it is you'd think they could level more cogent criticisms.
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