Tuesday, March 18, 2008
I believe it was John Kenneth Galbraith, the respected economist, who once said that “the only respectable form of socialism in America is socialism for the rich.” And it is obvious that that’s happening right before our eyes, shattering whatever illusion left about the “free market” in the United States. We do not have one. Instead, we have, as E.J. Dionne was good to note in today’s Washington Post, a system of corporate welfare that—instead of enduring the rigors and sacrifices of real risk and self-discipline that the “market” instills in everyday people, like the people who have really suffered but, really, to hell with them because they’re not rugged individuals like us right?—expects a government hand-out when they start to feel the pain.