silly libertarians

http://www.nytimes.com/2007/12/30/weekinreview/30goodman.html?_r=2&ref=business&pagewanted=all&oref=slogin&oref=slogin

Mainstream commentatiors are starting to gain a bit of common sense.

The article basically says that the Bush Adminstration is starting to put aside the free market rhetoric and intervening in the economy--especially in the housing department. The Administration says that without doing this, millions of Americans would lose their homes.

The stupid cult of the unfettered, free market has much more to do with metaphysics than a sane analysis of economics and history. The intervention of the state on the economy was actually what saved capitalism--it did away with those cyclical depressions, trusts etc.

Left Communists--those who claim the theoretical heritage from the left wing opposition of the Comintern--have a very interesting analysis on this trend. They recognized that the Market showed a tendency towarss centralization, and more importantly, to planification under the heel of the state. They called this state-capitalism, and according to them, it was a trend found in all corners of the capitalist market. Not only did they call the USSR, Vietnam, China, etc state-capitalist, but they said that even the US, Netherlands, etc had a tendency toward state-capitalism, albeit not as strongly as in places like the USSR.

State-capitalism was a perfection--not a regression. It is state-capitalism what created the modern middle class, what dealt with cyclical depressions--and more importantly--what homogenized ideology. That is why those stupid Paulites are retarded as hell. They don't understand that their "capitalism" is only the primitive, retarded version of the present form of capitalism.

The economy is already basically planned. State-economists create policy by assuming, almost with mathematical precision, how the market forces are going to act. Then they know which parts of the market need to be stimulated, and then they try to predict what will happen. A friend once told me that he was told by an Economist with a PHD that the market is increasingly becoming more mathematically predictable--and it is easy to agree with him. The increasing centralization of the economy under a few corporations, the new modern, real trusts, makes things increasingly more predictable compared to the days of old, anarchic capitalism.

State-capitalism is indeed, the highest form of capitalism.