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October 28, 2009
Soros, Newsweek, Chip Away at Economic Liberty
Posted by Dave Blount at October 28, 2009 11:40 AM
The United States government is now run by socialists who are systematically nationalizing every industry they can sink their claws into. But America's tailspin toward the poverty and oppression of statism isn't proceeding quickly enough for Shadow Party puppeteer George Soros, who is putting up $50 million of his ill-gotten wealth to advocate leftist economics, to the delight of Newsweek:
This week Soros is gathering some of the leading practitioners of the market-skeptic school, who were marginalized during the era of "free-market fundamentalism," among them Nobelists Joseph Stiglitz, George Akerlof, Michael Spence, and Sir James Mirrlees. He's also creating an "Institute for New Economic Thinking" to make research grants, convene symposiums, and establish a journal, all in an effort to take back the economics profession from the champions of free-market zealotry who have dominated it for decades, and to correct the failures of decades of market deregulation. Soros hopes matching funds will bring the total endowment up to $200 million. "Economics has failed not only to predict and explain what happened but has also failed to protect society," says Robert Johnson, a former managing director at Soros Fund Management, who will direct the new institute. "That's what the crisis revealed. The paradigm has failed. There is no guidance."
Incredibly, even as Big Government uses crises it caused as pretexts to squeeze the last life out of our economy, its verminous toadies in Big Media spur it forward, while whining preposterously about "free-market zealotry." But this does make sense from Newbleak's point of view, considering that this quasi-Marxist rag is losing readers so quickly that the only thing likely to save it from going under is government intervention.
On a tip from Ianto.
