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I suppose you're right. However, public opinion has been largely formed by the opinions of the regulators. I have never known a regulator to want less power, so
by Prrometheus 18y ago
I suppose you're right. However, public opinion has been largely formed by the opinions of the regulators. I have never known a regulator to want less power, so libertarians are fighting a lost cause. That's ok, we're used to it.
As far as the rest of the world goes, European economic courses focus on the evils of the market and Marxist models of class struggle, so they're pretty much a lost cause too.
- netcan 18y agopublic opinion has been largely formed by the opinions of the regulators. I have never known a regulator to want less power, so libertarians are fighting a lost cause. I don't think that's fair. I think the public's opinion is being reflected from the sentiment in the public debate around the world. Politicians, central bankers, academics, big name investors, etc. The specifics of interventions (proposed laws for bailouts) have been supported by public figures usually on the libertarian side of the policy (eg Rupert Murdoch). It's true, they've still stuck to their respective positions: John McCain is still more of a libertarian then Obama, Hugo Chavez hasn't moved much, etc. Die hards are still dies hards. But, the whole debate has shifted left. This is very likely to bring with it other changes. I complain about people looking at the political spectrum simplistically just like anyone else. Left on A shouldn't mean left on B. But in reality, these things seem to be associated.