Posted by
Diocuore on Wednesday, November 04, 2009 7:14:59 AM
Kid wacko, enviro-wacko, are you nuts?
''Michael Moore incoherently argues that we need to replace “capitalism” with a true American system: “Democracy.” Ironically, a true capitalist system is the best and most pure system of the democratic ideal.''
Love him or hate him, or his films, there’s no question about where Michael Moore stands ideologically: Left-wing, “progressive,” populist, socialist. In some ways Moore’s newest film, “Capitalism: A Love Story,” muddies the water. But in the end, all it really shows is that Michael Moore doesn’t actually know what capitalism is.
Apparently, Moore thinks that capitalism is a system where the government bails out and controls the financial sector, or one whereby a few rich people dominate the entire structure and keep everyone else poor. Both are leftist caricatures that have nothing in common with capitalism properly construed, as best described by its first and best exponent, Adam Smith.
So Moore’s film needs a new title. Perhaps something like, “Corporatism: What the Left Thinks Capitalism Is.”
Watching Michael Moore rail against corporate bailouts in the early scenes of his latest movie, a free marketeer might wonder if perhaps the film maker has inadvertently blundered into the truth. Among other things, he rips apart the notion that government and big business partnering up is good for the little guy. About half-way through the movie, I actually caught myself thinking: Do Michael Moore and disciples of Adam Smith actually agree?
What really caused the Great Depression Professor Hanke argues that the chief enabler of both the Great Depression and our latest economic downturn is the Federal Reserve Bank, who sees itself as America's systemic risk regulator. This is the world upside down, Hanke explains: The Federal Reserve is the systemic risk.
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