Available Now! (click cover)

America's Counter-Revolution
The Constitution Revisited

From the back cover:

This book challenges the assumption that the Constitution was a landmark in the struggle for liberty. Instead, Sheldon Richman argues, it was the product of a counter-revolution, a setback for the radicalism represented by America’s break with the British empire. Drawing on careful, credible historical scholarship and contemporary political analysis, Richman suggests that this counter-revolution was the work of conservatives who sought a nation of “power, consequence, and grandeur.” America’s Counter-Revolution makes a persuasive case that the Constitution was a victory not for liberty but for the agendas and interests of a militaristic, aristocratic, privilege-seeking ruling class.

Tuesday, September 23, 2008

Who's for the Market?

Being for the free market means being for full market discipline -- nothing concentrates the mind like the threat of bankruptcy. Therefore, anyone who wants the government to weaken or remove market discipline favors something other than the free market -- the corporate state. This point must be at the root of any analysis of the financial turmoil.

6 comments:

Edward said...

I don't understand this post.

Sheldon Richman said...

You don't really want the market if you don't want the discipline imposed by the market. It's like wanting a square without all those angles.

Edward said...

Thanks Sheldon. Great example, I understand now.

Rorshak (1313) said...

Exactly.

Rick98c said...

Well, I think the truth that is coming to light is that they want the market forces to be in control when those force enrich them, but they want the government to step in when market forces threaten them. All for further enrichment, of course.

This bailout should come from the bank accounts of the morons who made the mistakes.

David Johnson said...

Someone said it another way: They want private profits but public losses.