BrianGarst.com

In a speech the other day President Bush offered this eloquent defense of capitalism:

Like any other system designed by man, capitalism is not perfect. It can be subject to excesses and abuse. But it is by far the most efficient and just way of structuring an economy. At its most basic level, capitalism offers people the freedom to choose where they work and what they do, the opportunity to buy or sell products they want, and the dignity that comes with profiting from their talent and hard work. The free market system provides the incentives that lead to prosperity — the incentive to work, to innovate, to save, to invest wisely, and to create jobs for others. And as millions of people pursue these incentives together, whole societies benefit.

Free market capitalism is far more than economic theory. It is the engine of social mobility — the highway to the American Dream.

This is all very well and good, but the sad reality is that President Bush has done more to undermine market capitalism than any Democrat ever could.  By operating falsely under the flag of free markets, Bush’s massive $700 billion government assault into the market has amounted to, in the eyes of many, a surrender of the market ideology.  At least now that the statists are taking power, the right people, and more importantly the right ideology, will finally be blamed for the failures of big government.

George W. Bush