Tuesday, July 22, 2008

Eleven reasons America is the new top socialist economy - MarketWatch

Eleven reasons America is the new top socialist economy - MarketWatch: "A little history: The core principles of conservative economic ideology are grounded in Nobel economist Milton Friedman's 1962 classic 'Capitalism and Freedom.' Too late to stop President Lyndon Johnson's Great Society, those principles became the battle cries energizing conservatives since Reagan: Unrestricted free markets, free enterprise and free trade; deregulation, privatization and globalization; trickle-down economics and trickle-up wealth to an elite plutocracy destined to rule the new American capitalist utopia...

It's backfiring! You folks turned our America from a great capitalistic democracy into a meddling socialist economy. Still you don't get it. You're acting like teen addicts tripping on an overdose of "greed-is-good" testosterone while your caricature of conservative economics would at best make a one-line joke on Jay Leno.
Here are 11 reasons your manipulations are sabotaging the great principles of leaders like Friedman and Reagan:
1. Dumber than a fifth grader with cognitive dissonance..."

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