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Manicheanism means murder. Amidst the present pandemic, America’s irrationally dyadic global typecasting, and consequent capacity for cruelty, are on unusually flagrant display. Consider this the macabre gift of COVID-catalyzed reality exposure. From Uncle Sam’s escalation of proxy war with - and threats to bomb - Iran, to the maintenance and tightening of an epidemic exacerbating worldwide sanctions regime, and to the Wild West bounty hunter vigilantism of the current Venezuela policy, it is increasingly clear that Washington’s callousness knows few bounds.
Empires in decline behave badly, and the late-stage U.S. model has proved no exception. Such imperiums sabotage themselves, ultimately implode, and drag their people into the abyss. In the end, victimizers, too, become victims. This much, a long dead young female sage once observed; and warned.
A Simone Weil Moment
The great Albert Camus called her “the ...
Capitalism in America: An Economic History of the United States by Alan Greenspan and Adrian Wooldridge (Penguin Press, 2018); 496 pages.
Almost everyone knows Alan Greenspan as the long-serving chairman of the Federal Reserve System. What far fewer know is that in his younger days, Greenspan was a devotee of Ayn Rand and her anti-collectivist philosophy. The Alan Greenspan of the 1960s was a thorough-going advocate of pure capitalism, undiluted by government interference. All these years later, is he still?
I was eager to read his new book Capitalism in America to find out. All in all, the book, which is co-authored by Adrian Wooldridge, the political editor of The Economist, gives an accurate historical account of the roots of capitalism in America, its success in enabling people to raise their standards of living, and the reasons it has been so vilified by statists. In baseball terms, I would call the book a triple, but not a ...
