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Oh, I forgot where I was going with the first line: It is not impossible that orthodox Friedmaniacs would see the US political system as a legitimate expression of the free market. After all, US elections are bought and sold as commodities on a free market. In that sense, buying elections really is no different from buying mass advertisement: A calculated expense to procure services from another business that will permit your business to expand its bottom line.

And it doesn't really matter in Friedmanism that the barrier of entry to that market is so huge that only billionaires and companies can effectively do business there, because entry costs don't matter - The Market Will Provide.

And indeed the market has provided the US with the best politicians money can buy...

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Sep 10th, 2008 at 12:45:51 PM EST
[ Parent ]
That is a partial description of how they have behaved.  Since GWB, in particular, they have used these metaphors as the basis for actions that have facilitated a more rapid looting of the economy.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Sep 10th, 2008 at 03:40:12 PM EST
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