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Politics : Politics for Pros- moderated
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To: Joe Btfsplk who wrote (123461)7/5/2005 8:41:46 PM
From: neolib  Read Replies (1) of 794024
 
I can't think of a single issue where today's liberals are not only wrong - but utterly and malignantly wrong - on economics.

I don't think the evidence supports your contention at all. Please contrast Bill Clinton's economic policies and team from Bush's. The Democrats have become quite Wall Street friendly, and business friendly. In fact, the likes of Ralph Nader & the Green Party exist specifically because that fraction thinks the Dems have sold out to the same big business interests that the Republicans have. But that fraction is only 5-10% of the Left. I'm looking for something on the order of 50-70% of the Left.

BTW, on the economic front, I'd say Dems are more pay as you go, while the Reps have switched firmly to deficit boot-strap economics. The final analysis of how Keynsian economics interacts with political interests has yet to be written, so I try to keep an open mind on that one, but it illustrates how the answers to economic theory are not as well understood as many think. For example, China is not a democracy, and continues to have many non-market mechanisms at play, yet it's economic rise is quite spectacular. It is one chapter in the interaction of culture & economics that stands as an alternate to our approach. How it plays out long term I can't say. But it illustrates once again that the book of economics is not fully written.

So I don't see either Conservatives or Liberals as having anything approaching ownership of all correct economic theory. Nothing like the split that exists over biological science between the two groups.
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