Exposing conservative market mythology
Dean Baker has a great little myth-buster post up this morning in which he takes the WaPo’s E.J. Dionne to task for his “loser-liberalism.” As Baker notes, liberals buy in much too readily to conservative spin about right and left attittudes toward government regulation and “free markets.”
“There are almost no major figures in politics who are actually opposed to government regulation. In fact, it is not even clear what that means. Do they want to get rid of deposit insurance for banks, or patent and copyright protection? The real issue is whether the government is going structure markets in ways that have the effect of pushing income upwards, which has been the situation for most of the last three decades or whether it will design policies that benefit the vast majority of the population. This is the 1 percent versus the 99 percent question.”
You can read the entire post by clicking here.