You might have thought that the Crash of 2008 would have led Democrats to reconsider this neoliberal approach to providing public goods by private means. But to judge from President Obama's budget, the White House is still living back in the neoliberal era, when the diminutive Milton Friedman cast a giant shadow. Full Story »
Posted by Derek Hawkins
Good article with its main point being that both Democrats and Republicans consider the old FDR-style government to be (gasp!) “socialist”. So what? Republicans socialized banks when they gave them a $350 billion unsupervised largess. Aren’t subways, other public transportation, water, utilities all over America a form of socialism? Our view of socialism today is similar to cutting off the head to cure a headache.
So private is better? Like when Enron privatized California utilities? How come socialization succeeds in other countries but is such a failure in America?