Laissez-Faire Capitalism Should Be as Dead as Soviet Communism


Laissez-Faire Capitalism Should Be as Dead as Soviet Communism

2008-12-23-capt.2e46149746d349ba9cd28971cba41536.motown_blues_mico202.jpg

AP//Carlos Osorio

Arianna Huffington: The collapse of Communism as a political system sounded the death knell for Marxism as an ideology. But while laissez faire capitalism has been a monumental failure in practice, and soundly defeated at the polls, the ideology is still alive and kicking. If a politician announced he was running on a platform of "from each according to his ability, to each according to his need" he would be laughed off the stage. That is also the correct response to anyone who continues to make the case that markets do best when left alone. It's time to drive the final nail into the coffin of laissez faire capitalism by treating it like the discredited ideology it inarguably is. If not, the Dr. Frankensteins of the right will surely try to revive the monster and send it marauding through our economy once again. Click here to read more.


Melissa Etheridge: The Choice Is Ours Now

I received a call from Rick Warren, and before I could say anything, he told me what a fan he was. He had most of my albums from the very first one. What? This didn't sound like a gay hater.

Alec Baldwin: The Inauguration Cannot Come Quickly Enough

In a sense, we made Madoff. This society and its desire for results and more results. The disease of more. The Bush legacy: No regulation. A free-for-all.

Joan Blades: Procrastination Doesn't Fix It

Why not convert one third of the automakers' industrial capacity to building state-of-the-art wind generation? We need to be strategic in solving our economic and energy woes.

Rebecca Abrahams: White House Email Trail Grows Cold with Death of Bush IT Expert

With the untimely death of Bush IT guru Mike Connell, Ohio attorneys lost a key witness to substantiate their racketeering case against Karl Rove for alleged criminal wrongdoing in the 2004 election.

Robert Creamer: Remembering the Lessons of Economics 101: Why Increasing the Federal Deficit Does Not Mean that Our Kids Must Sacrifice to Pay the Bill

Republicans will argue that when times are tough you don't increase your spending, you tighten your belt and live within your means. That may be a good idea for an individual. It's a terrible idea for a country.