Kristol: conservative era waning

[Ian Murray]

NN
> I think THE ECONOMIST is a leading indicator and since Seattle,
after their
> initial hissy fits, have been opening up their pages to far more
alternative
> analyses to economic regulation.  I nearly had a heart attack a few
weeks
> ago when they argued that Internet standards bodies have come to be
too
> dominated by industry and probably need more government funding and
support
> to assure standards that will work.
>
> It is not a swing to socialism but the era of triumphant "market as
God"
> rhetoric that was the mark of Thatcherism-Reaganism does seem to
have lost
> its intellectual cachet even among the elite.  As always, the
business elite
> want policies that benefit them, but that can as easily be
government
> interventionism as Thatcherite market mania.  The former seems to be
> ascending at the expense of the latter.
>
> Bill Kristol does reflect this, since he is promoting what he calls
a strong
> Hamiltonian state is support of "National Greatness" conservativism.
He
> sees McCain as the new embodiment of this trend.
>
> -- Nathan Newman
==============
When haven't the US elites been Hamiltonian/Listian in their economic
development approaches? Public pays for the good stuff and then it's
appropriated via the patronage system and becomes the free market.
Socialism of risk, privatization of gain. From canals and railroads to
computers the Hamiltonian thread reveals itself...

Ian