After 30 years of Friedmanite policies, how can any sane person claim government intervention is what has dest?

Question

Thirty years ago communism died and everyone accepted that government had to have nothing to do with running the economy.  So we got endless rounds of tax cuts, government assets sold, and the private sector brought in to do everything... even providing soldiers for wars.  Now, it is clear that the private sector's irresponsibility has created a disaster... whose full effects are yet to play out.  Yet still people who've read too much Ayn Rand and Hayek blame governments... please explain how this is anything other than dogma, in relation to the current crisis?

Anonymous · Accepted Answer

People aren't very smart.  Keep that in mind, and everything else pretty much makes sense.

cantcu · Answer

I can't! It is the LACK of intervention that caused all the issues! That includes Phil Gramm's bill that allowed insurance companies to become banks with no rules or oversight!

But those people that brought you the mess are still up to it. Have you seen the Ad's about putting your money in the bank...but the bank is an investment company!

The greedy were another big part of this current issue! And they are still as greedy as ever. And who makes out in a recession? The wealthy of course!

Kev · Answer

Eisenhower said it all at the end of his final address. God help anyone who cannot keep the military - industry complex in check. America is moving towards imperialism and the USA is now a corporation (15):
http://www.law.cornell.edu/uscode/uscode28/usc_sec_28_00003002----000-.html

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After 30 years of Friedmanite policies, how can any sane person claim government intervention is what has dest?

3 Answers