Enemies Of Capitalism

[Kevin_Kennedy]

New Rule: neomercantilists, neoconservatives, and statists are no longer allowed to call themselves "free marketers." People who call themselves free marketers such as Bush, Paulson, Greenspan, and Bernanke are the primary threat capitalism faces. These false prophets of capitalism are the greatest friends that proponents of socialism have.

Many prominent American figures claim to be proponents of free markets but in practice advocate neomercantilist, corporate welfare policies. These policies eventually, and unsurprisingly, lead to disastrous economic and social consequences. These catastrophes are then blamed on capitalism, free markets, and deregulation, at which point, socialists are easily able to convince the distraught public that capitalism is a failed experiment and only massive government intervention in the markets can save them. Such is the way that capitalism dies, eaten away by a cancer from within.

Enemies of Capitalism - Briggs Armstrong - Mises Institute

Debunks the myth that Greenspan, Bush, Bernanke, or Paulson were anything close to free market capitalists.

 

[Toro]

Dude, you are like, several generations too late to post that stuff...

 

[Kevin_Kennedy]

I'm not entirely sure how I could be "several generations too late" in posting an article that says Bush, Paulson, Bernanke, and Greenspan were not really advocates for the free market.

 

[Agnapostate]

The Austrian school are themselves rather great enemies of capitalism, considering the lackluster arguments that they offer in its favor. The fact that statists (Barone, Lange, Taylor) were able to best Mises and Hayek so easily does not speak well for that school, and is a major component in their increasing irrelevance.