Monday, February 28, 2011

The sound of a dozen libertarian billionaires moaning in ecstasy

Why Can't All of America Be More Like Mississippi? - The American Prospect
"Why is this model of economic growth so appealing to the Tea Party? For one, it tends to jibe very well with the Ayn Randian belief in producerism: the idea that 'job creators'—business owners—are the only source of economic growth in society, and that everyone else—the workers, government employees, and the poor—are just 'useless eaters' shackling those who exercise individual initiative....

"The problem with this theory is that it won’t work: Economic development experts usually deride 'Moonlight and Magnolias' approaches to job creation, noting that they track the outmoded first and second 'waves' of basic economic development theory—which emphasized crude economic races to the bottom—as opposed to third and fourth 'waves' that focus on worker skills, quality of life, public-private partnerships, innovation, and sustainability. If Wisconsin and other states—not to mention the country as a whole—end up adopting these atavistic economic ideals, they will simply begin to resemble the dysfunctional Old South societies that spawned them in the first place."

Dixie Madison - The New Republic

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