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.

Wednesday, November 25, 2009

America: Corporate State

At ThinkMarkets, Gerald O’Driscoll, building on a Wall Street Journal column by George Melloan, describes how Fed policy is leading America further down the corporatist road. Here’s a sample:

Melloan doesn’t state it, but there is a name for this economic policy: corporatism. Big government favors selected big business and rewards big labor as a junior partner. It’s not socialism, but the economic component of a fascist political program. Credit administered on a favorable terms is the narcotic that anesthetizes businessmen to the creeping government control of their firms. To paraphrase Lenin, government seizes control of the commanding heights of the economy.

After the loss of economic liberty, can political liberty survive? As Melloan concludes, “it’s not unlike what we witnessed in the depression of the 1930s.”

Serious stuff with far-ranging consequences.

1 comment:

Natailya Petrova said...

Hey Mr.Richman,

I am hoping to see you speak in VA this upcoming year!

It's weird to see this start off with something from The Wall Street Journal.

Don't usually view it as a titan of free market radicalism...