[lbo-talk] The Financial Markets and Fear Itself

Eric Beck ersatzdog at gmail.com
Fri Jun 5 16:34:41 PDT 2009



>> Shockingly a WSJ editorial board member believes the crisis was caused
>> by government and not private institutions:
>>
>> http://www.hoover.org/publications/policyreview/46386702.html
>>
>> Can anyone respond to this?  Is there anything to it?
>
> Why in the world would anyone "respond to" anything that  nest of
> weirdos has to say? The next thing someone will be wanting the list to
> refute Southey on Pantisocracy.

I don't think Joshua actually means to rebut the WSJ. "Respond" here really means to defend the government, which seems to be many leftists' primary concern these days, a weird and oddly conservatizing impulse. I guess it's understandable on some level, to argue against idiot populisms on the left and right, but surely there's some other way to do that that doesn't involve resort to fantasies about a coming Keynesian/socialist regime and insist on the primacy of absolving the government of responsibility.



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