11 reasons America's a new socialist economy


	11 reasons America's a new socialist economy

pjr-s

7-23-2008 2:27 AM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/3cef8e1e-914e-4f82-b653-a06991ba799a/73C0426C-7DF1-45DF-8AF5-C5826F1D8B2B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.marketwatch.com/news/story/eleven-reasons-america-new-top/story.aspx?guid=%7BD23E1901-728E-4A3C-99D1-7E80F74C3AE3%7D&dist=TNMostRead" href="http://www.marketwatch.com/news/story/eleven-reasons-america-new-top/story.aspx?guid=%7BD23E1901-728E-4A3C-99D1-7E80F74C3AE3%7D&dist=TNMostRead" style="font-size: 11px;">www.marketwatch.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/eleven-reasons-america-new-top/story.aspx?guid=%7BD23E1901-728E-4A3C-99D1-7E80F74C3AE3%7D&dist=TNMostRead"><H1 class="storytitle" id="StoryContent_TopPageNavigation_Headline">11 reasons America's a new socialist economy</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/eleven-reasons-america-new-top/story.aspx?guid=%7BD23E1901-728E-4A3C-99D1-7E80F74C3AE3%7D&dist=TNMostRead"><H2 class="storytitle" id="StoryContent_TopPageNavigation_Headline2">How free market ideology backfired, sabotaging capitalistic democracy</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/eleven-reasons-america-new-top/story.aspx?guid=%7BD23E1901-728E-4A3C-99D1-7E80F74C3AE3%7D&dist=TNMostRead"><DIV class="StoryHeadlineDetails" id="StoryContent_TopPageNavigation_AuthorInformation">By <A href="http://www.marketwatch.com/news/mailto.asp?x=80+97+117+108+66+70+97+114+114+101+108+108&y=Paul+B.+Farrell&z=charter.net&guid=%7Bd23e1901-728e-4a3c-99d1-7e80f74c3ae3%7D&siteid=mktw">Paul B. Farrell</A>, MarketWatch</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/eleven-reasons-america-new-top/story.aspx?guid=%7BD23E1901-728E-4A3C-99D1-7E80F74C3AE3%7D&dist=TNMostRead"><B>ARROYO GRANDE, Calif. (MarketWatch) -- Welcome to the conservative's worst nightmare: The law of unintended consequences. Why? Nobody wants to admit it, folks, but the conservatives' grand ideology is backfiring, actually turning the world's greatest capitalistic democracy into the world's newest socialist economy.</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/eleven-reasons-america-new-top/story.aspx?guid=%7BD23E1901-728E-4A3C-99D1-7E80F74C3AE3%7D&dist=TNMostRead"><DIV class="p">
            A little history: The core principles of conservative economic ideology are grounded in Nobel economist Milton Friedman's 1962 classic "Capitalism and Freedom." Too late to stop President Lyndon Johnson's Great Society, those principles became the battle cries energizing conservatives since Reagan: Unrestricted free markets, free enterprise and free trade; deregulation, privatization and globalization; trickle-down economics and trickle-up wealth to an elite plutocracy destined to rule the new American capitalist utopia. 
        </DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/73C0426C-7DF1-45DF-8AF5-C5826F1D8B2B/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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