Wednesday, April 22, 2009

Democratic Capitalism, RIP

Larry Kudlow suggests that the era of democratic capitalism is over in the United States, and that is most likely correct.

It is a bit ironic that the Bush administration dealt our economic system the near fatal blows and the Obama administration has come along in the role of Jack Kevorkian.

The last three decades have produced much innovation and productivity. Much of that will be lost in the system of "corporate statism" that Mr. Kudlow briefly describes.

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