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Laissez-Faire Capitalism: Is it over, yet?

February 3rd, 2009 · 56 Comments

It’s time to drive the final nail into the coffin of laissez-faire capitalism by treating it like the discredited ideology it inarguably is. If not, the Dr. Frankensteins of the right will surely try to revive the monster and send it marauding through our economy once again.

We’ve got to do everything we can to make sure there will be no sequels to this political horror. The blame shifters cannot be allowed to make their case without the truth being pointed out at every turn. It’s time to relegate free market fundamentalists to the same standing as Marxist ideologues: intellectual curiosities occasionally trotted out as relics of a failed philosophy.

Arianna Huffington, the Huffington Post

I could not agree more. We’ve been living under the illusion that our society is build upon regulated, centrist market policies, when in actual fact the banks and big corporations have robbed us blind, our politicians are complicit, and the whole damn ship is sinking. A return to economic conservatism that does not give Capital itself the reigns but instead works for the people. If a company isn’t contributing anything to society, but instead allows a tiny elite class to milk the world’s wealth before fleeing to their tax havens — then what good is it?

Tags: Economics · Politics

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