Thursday, 19 October 2017

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“Stop Blaming Capitalism for Government Failures”

Posted by
April 5, 2010
in Blog

“But while capitalism may be a convenient scapegoat, it did not cause any of these problems. Indeed, whatever one wishes to call the unruly mixture of freedom and government controls that made up our economic and political system during the last three decades, one cannot call it capitalism.

Take a step back. In the lead up to the ‘Reagan Revolution,’ the explosive growth of government during the ’60s and ’70s had left the American economy in disarray. A crushing tax burden, runaway inflation, brutal unemployment, and economic stagnation had Americans looking for an alternative. That’s what Reagan offered, denouncing big government and promising a new ‘morning in America.’” Read more.

“Stop Blaming Capitalism for Government Failures”
Yaron Brook and Don Watkins
Via the Ayn Rand Institute.