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.

Friday, October 24, 2008

What Hath Ayn Rand Wrought?

Alan Greenspan says he is shocked to have learned that his free-market philosophy has a flaw. Banks wouldn't protect their stockholders' interests in the absence of regulation. Really. Read his mea culpa here. And here is prescient Murray Rothbard on Greenspan.


Anonymous said...

I was watching a left-wing news show and they brought some guy on to mock Greenspan for about 10 straight minutes. Truth to tell it was pretty bizarre. The funniest comment was "Gee I don't know why Greenspan suddenly realized free markets don't work, maybe he found a flaw in one of his Ayn Rand novels or something!".

David Johnson said...

People think that what Alan Greenspan oversaw was a free market. That is absurd, but people think it anyway. A government created banking monopoly is not a free market. Lowering interest rates every time the the boom slows down is not a free market. Guarantees, subsidies and bailouts are not a free market. Fannie and Freddie are not a free market.

Yet most people think it is. It is we who have failed, for standing idly by while people redefined our philosophy. The "free market" has been tarnished in the same way "tax cuts", "deregulation" and "privatization" have been tarnished. Any advocacy of smaller government is now equated with the Republicanism that gave us the single largest government in all of human history.

It will take decades to repair the damage that "libertarian" conservatives have caused.

Chris Baker said...

Rothbard's article is excellent. It actually can be applied to tons of people who call themselves Objectivists.