Ayn Rand argues for a radical libertarian approach to markets and government. This is a dangerous approach because we have been there before. We have had a world with no labor laws, no food regulations, no labor protection, limited public safety, no social security, etc. This is a horrific world where feudalism rules, and where the common man has no voice or power. This is the land of limited freedom and opportunity. And this is where Ayn Rand and today’s Republicans want to return. I suggest, that instead of going backward, let’s go Forward.
I have been trying to figure out what Glenn Beck’s “Restoring Honor” rally in Washington was about (8/28/2010). “Faith, hope, and charity,” was the theme. It was a “wake up” call (literally) to call people to prayer and traditional values. It was basically a religious revival, with a strong emphasis on the greatness of Glenn Beck. He took a number of jabs at the media, hinting that they would underestimate the numbers of people in attendance. There were about 300,000 people in attendance. The whole event was an appeal to religious and patriotic emotions, tying together religious faith and American exceptionalism. This use of faith and patriotic sentiment is not new. Conservative politicians have used these emotions to stir up their base throughout our history. What was different is that Beck seems to be trying to connect conservatism with minority civil rights—never mind the fact that it was conservatives who fought against virtually every attempt to give additional rights to any group, from women and minorities to labor and immigrants.
What economic policies lead to greater economic health? And what political policies will lead to better economic outcomes? These are complex questions, and can be difficult to test scientifically. However, it is useful to look at case studies in an effort to understand what policies work and what policies lead to disaster. Let’s take a […]