Skip to main content

Irony: Bush Defends Capitalism


No, it's not an Onion story or some other parody- it's real news:

President George W. Bush today urged leaders of the world's biggest economies not to abandon free- market capitalism as they seek an escape from the financial crisis, calling it the "best system'' for delivering growth.

It'd be like Arthur Andersen defending sound accounting principles and squeaky clean business ethics practices. Here's a man who has spent eight years poo-pooing all over the free market, expanding government power, spending, influence, and intervention in our lives to unprecedented levels in United States history, and who recently signed the $700 billion finance industry bailout bill... and he's speaking on behalf of free market capitalism? Get real!

This is either an example of political posturing or he's being earnest. If it's political posturing, then I'm not too shocked- he's just lying like most politicians do (but that is still rather brazen). If he's being earnest, then I'm actually a little surprised. That would mean that even the President of the United States of America has no clue what capitalism really is or what free markets really look like. The level of ignorance regarding economics is really that bad- a depressing thought. We've got work to do!

I also want to add that I'm a little irritated at President Bush over this. Speaking out in defense of capitalism might give people the impression that Bush's policies are representative of it, which will make them abhor capitalism, when what they really abhor is Bush's mixed-market, quasi-socialistic, economic interventionism. This is just one more thing to confuse an already very confused electorate about what free market capitalism really is. Putting his name on anything is not a good way for George W. Bush to sell it these days. Crap.

Popular posts from this blog

Obama keeps pushing the bipartisan religion of interventionism

Michael Scheuer is deadly accurate - foreign interventionism is a bipartisan religion (or disease, whichever you prefer). Too often, I believe, Americans think about Washington’s interventionism only as the actual physical intervention of U.S. military forces abroad in places where no U.S. interest is at risk. That activity certainly is intervention, but President Obama’s despicable decision last week to have his administration leak intelligence claiming that Israel has concluded an agreement with the government of Azerbaijan to allow its use of Azeri airfields for an air strike on Iran is just as much an unwarranted intervention by the United States government. Readers of this blog will know that I carry no brief for Israel, that I believe it is a state that is irrelevant to U.S. national interests, and one whose U.S.-citizen supporters are disloyal to America and involved in activities that compromise U.S. security and corrupt the U.S. political system. That said, Israel — l...

How Thorough a Brainwashing

Saw this on Facebook: Left this comment: It's more thorough of a wash job than that. They don't just believe they are not brainwashed, the question has never occurred to them and as long as they keep reading TIME and watching MTV, it's *impossible* for the question to occur to them. Oh brave new world, that has such people in it. EDIT: And one more thing-- don't ever stop considering what questions it is currently impossible to occur to you . This is what I've been thinking about a lot lately and I'm worried just how large and numerous my own blindspots are. The only solution is to be as intellectually curious as possible. To learn voraciously. To read things that challenge us. To read things that are hard for us to understand and then try to understand them. To expose ourselves to ideas far removed from our present culture and place on the timeline. Read old books. Read foreign books. Turn off the TV. You have already absorbed its biases and blindspots. ...

How To Gain More Twitter Followers

Earlier today, I wrote : "My goal is to write a book before the end of March. My goal is to spend no more than a week from start to publication, spending as much time as I need in order to get it done during that week. My goal is to give it away to you for free here on HumbleLibertarian.com. What's a goal you have? Something you may have been putting off for years? Something you could accomplish in one month if you were determined? If it's near-term enough of a goal, and specific enough of a goal, and you share it in the comments below, feel free to tell me how I can help you and I'll do whatever I can. If it's a libertarian / news / politics-related goal, my manner of help would be easy to determine. I could promote it, introduce you to someone via email, (etc.). If it's something apolitical like quit smoking cigarettes, start exercising, learn guitar, start a business, gain more Twitter followers, learn another language, eat a paleo diet, or...
–––As Featured On–––