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Under the administration of George W. Bush, you will recall, federal spending grew pretty significantly. At the same time, the number of people directly employed by the federal government shrank. One of the factors that explained the difference was contracting.
Our laws governing lobbying and campaign contributions have struck the right balance between the wishes of the people and those of private industry, so why are we so quick to doubt that the same great results can be achieved by putting the government’s justice-dealing branch on the same market-based course?
When the entertainers of the Right aren’t declaring their disgust with President Obama for groveling before foreign potentates, they’re pretending to fear him as a left-wing thug, an exemplar of what they call ‘the Chicago way.’
The great fear that hung over the business community in the 1970s was death by regulation, and the great goal of the conservative movement, as it rose to triumph in the 1980s, was to remove that threat – to keep OSHA, the EPA, and the FTC from choking off entrepreneurship with their infernal meddling in the marketplace.
For-profit higher education is today a booming industry, feeding on the student loans handed out to the desperate.
Maybe that first, gigantic deficit the Reaganites piled up was an accident, just a combination of deluded ‘supply side’ tax cuts and a huge bag of good stuff for the Pentagon. But pretty quickly conservatives discovered that deficits, when done correctly, did something really cool: deficits defunded the Left.
Selling public property is the true Chicago way. Had Mr. Obama not been elected president, the nation’s business journals would be falling over one another to praise his city for its daring, market-friendly innovations.
As you watch the world crumble, try taking your Armageddon with this sprinkling of irony: Over the last three decades, business has got virtually everything it wanted, and its doomsday scenario from the 1970s has come true because of it.
In America, we no longer have an institutionalized, organized way of calling business to task – of taking them to account for what they’ve done – and this is especially true in the cultural realm.
Former President Bill Clinton, who is widely regarded as a political mastermind, may have sounded like a traditional liberal at the beginning of his term in office. But what ultimately defined his presidency was his amazing pliability on matters of principle.