Posted by
VBushmills on Saturday, September 26, 2009 11:33:55 AM
Dear Neil:
I just watched you roundtable about capitalism, "Did We Ask for it?, re the Pittsburgh G20 conference.
We've been pleading this case for years: Drop the term "capitalism" as it means something entirely different in America than it ever did in Europe, from whence comes almost all our left wing political attitudes.
Try this. Add one modifier, and one substitution and tell me if you would get the same result from that bunch of screaming ninnies, the Hole in the Soul Gang, running around tearing up things.
Instead of calling it "capitalism", call it unfettered capitalism. Instead of calling it "capitalism" call it "free markets".
You will never see those mobs riot against "free markets". Nor will you ever see them riot against "unfettered capitalism", as all they will do is stand scratching their heads, "Huh?"
Unfettered capitalism always ends up "state-protected" capitalism, while free markets are constitutionally protected capitalism. One favors "big" at the expense of "small" while other favors "small" at the expense of "big". Unfettered capitalism moves toward monopoly while free markets always move alongside competition.
It was always the great irony of Karl Marx that the system he most hated is also most favored by the ideological system he created, a monopolistic system of production, whether communist or fascist.
So, when you dedicate an entire show to that term, you are playing a hand dealt by the Left.
VB