February 4, 2004
Modern delusions
Jen sent me a link to this article detailing Francis Wheen's top 10 modern delusions. This guy is brutally smart and very very witty! Here's an example of one of his myths:9. America's economic success is entirely due to private enterpriseHis philosophies seem to be very moderate, with an emphasis on poking at hypocrites. I like it!
In the 19th century, the American government promoted the formation of a national economy, the building of railroads and the development of the telegraph. More recently, the internet was created by the Pentagon. American agriculture is heavily subsidised and protected, as are the steel industry and many other sectors of the world's biggest "free-market economy". At times of economic slowdown, even under presidents who denigrate the role of government, the US will increase its deficit to finance expansionary fiscal and monetary policies. But its leaders get very cross indeed if any developing country tries to follow this example.
Posted by Jeffrey at February 4, 2004 11:42 AM
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