Self-reliance. Individual responsibility. A faith in free markets and a belief that people should have the opportunity to fail or succeed on the basis of their hard work and ingenuity. These are qualities that have been as central to the national identity as they have been to the American economic model. Full Story »
Posted by Kaizar Campwala
Although an op-ed piece, itÂ’s excellent journalism. The main point of the article is the ironic dilemma for ultra conservatives--who for decades have preached the blessings of privatization of government services and deregulation of watchdog agencies along with a fanatical religious faith in free markets--forced to participate in what has to be an anathema; one of the most socialist behaviors: government takeovers of private corporations in order to head off a major economic crisis caused by their own mismanagement and religious adherence to what now is demonstrated to be a flawed economic creed.
