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October 12, 2010

"You're a liberal, whether you know it or not, . . . "

I have finished reading "The Conscience of a Liberal" by Paul Krugman. It describes American society and economy. It's an encouraging book.

"Liberals are those who believe in institutions that limit inequality and injustice."
"You're a liberal, whether you know it or not, if you believe that the United States should have universal health care."
"The Conscience of a Liberal" by Paul Krugman, p.268.

"By the early 1960s, [Milton] Friedman had made almost a complete return to free-market fundamentalism, arguing that even the Great Depression was caused not by market failure but by government failure. . . . Free-market economists began rejecting not just the New Deal, but the reforms of the Progressive Era, suggesting that even such government actions as policing food and drug safety were unjustified. And Friedman associated himself with the Goldwater campaign. "
"The Conscience of a Liberal" by Paul Krugman, p.116.

Paul Krugman thinks that one of the origins of neoconservative can be traced to Chicago economists led by Milton Friedman. He mentions the relationship between Friedman and Goldwater in his book.

"By the 1980s, the increasing influence of the Christian right on the Republican Party so conflicted with Goldwater's libertarian views that he became a vocal opponent of the religious right on issues such as abortion, gay rights, and the role of religion in public life."

Is "libertarianism" against or unrelated to what is called "the religious right?"

I notice some similarities between what is called anarchism and "libertarianism." What do you think of this?

"The accounting scandals at Enron and WorldCom dispelled the myth of effective corporate governance. These days, the idea that our banks were well capitalized and supervised sounds like a sick joke. And now the mortgage mess is making nonsense of claims that we have effective contract enforcement — in fact, the question is whether our economy is governed by any kind of rule of law." The Mortgage Morass By PAUL KRUGMAN http://nyti.ms/aqjEbw

Paul Krugman says that he believes in democracy, civil liberties, and the rule of law.
"The Conscience of a Liberal" by Paul Krugman, p.267.

"A nice insurance company, one that didn't try to screen out costly clients and didn't look for ways to avoid paying for care, . . . would quickly go out of business."
"The Conscience of a Liberal" by Paul Krugman, p.221.

Paul Krugman says that insurers are not evil people. "They challenge the claims submitted by doctors and hospitals, trying to find reasons why the treatment offered wasn't their responsibility" because "the structure of the system leaves them little choice."


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