{"id":68764,"date":"2024-06-27T18:04:33","date_gmt":"2024-06-27T23:04:33","guid":{"rendered":"https:\/\/olduvai.ca\/?p=68764"},"modified":"2024-06-27T18:04:33","modified_gmt":"2024-06-27T23:04:33","slug":"bring-back-capitalism","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=68764","title":{"rendered":"Bring Back Capitalism"},"content":{"rendered":"
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Bring Back Capitalism<\/a><\/h3>\n

A new generation of unscrupulous political leaders and Wall Street hucksters has come up with a brilliant plan to outwit the populist revolt: pretending to be critics of capitalism<\/strong><\/p>\n<\/div>\n

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BlackRock CEO Larry Fink tells Fox Business host Liz Claman how climate change killed the Iguanodon<\/em><\/figcaption><\/figure>\n<\/div>\n

Raise your hand if you saw\u00a0this headline<\/a>\u00a0from the\u00a0New York Times<\/em>\u00a0last week coming:<\/p>\n

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The name of Bret Stephens may be the one most associated with \u201cmarkets\u201d in media. Even his struggle-sessionish \u201cI was wrong about climate change<\/a>\u201d piece in 2022 came with a caveat that witnessing melting glaciers in Greenland just reinforced \u201cmy belief that markets, not government, provide the cure.\u201d Seeing an article about capitalism failing the middle class above his byline is like reading \u201cGrammer is Overrayted\u201d by William Safire, or \u201cGlobalism: It Doesn\u2019t Float\u00a0My<\/em>\u00a0Plane\u201d by Thomas Friedman. In the end Stephens tried to say something in defense of markets, but in a bizarre reversal from 15 years ago, such protestations now need to be couched as indictments of the profit motive, especially in papers like the\u00a0Times<\/em>, whose upscale readers are continuing their preposterous pose of socialist chic.<\/p>\n

The mainstream press was once home to reflexive, often hysterical defenses of the free-market system. Op-ed pages saw even the CEOs of firms caught trading against their own clients defended as \u201cwealth creators<\/a>\u201d who did \u201cGod\u2019s work<\/a>\u201d for a \u201csocial purpose<\/a>.\u201d No more. Now, even the very wealthy give performative speeches about the pitfalls of capitalism, corporate-funded think-tanks routinely\u00a0decry its failures<\/a>, and polls on sites like\u00a0Fast Company<\/em>\u00a0even show that 35% of \u201cC-suite executives\u201d\u00a0react negatively to the word, \u201ccapitalism<\/a>.\u201d What gives? The only headline I recall in recent years that unironically cheered the capitalist idea was a\u00a0Washington Post\u00a0<\/em>op-ed from last summer: \u201cElon Musk\u2019s Twitter Failure Shows Capitalism is Working<\/a>.\u201d<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

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Bring Back Capitalism A new generation of unscrupulous political leaders and Wall Street hucksters has come up with a brilliant plan to outwit the populist revolt: pretending to be critics of capitalism BlackRock CEO Larry Fink tells Fox Business host Liz Claman how climate change killed the Iguanodon Raise your hand if you saw\u00a0this headline\u00a0from […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[111,3733],"class_list":["post-68764","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-capitalism","tag-matt-taibbi"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68764"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68764\/revisions"}],"predecessor-version":[{"id":68765,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68764\/revisions\/68765"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}