Apparently, conservatives are losing their faith, and they’re losing it fast.
No, it’s not about imaginary friends for a change, it’s about the “neoliberal economy.” Frank Schirrmacher’s FAZ article »›Ich beginne zu glauben, dass die Linke recht hat‹« needs two pairs of quotation marks because it is based on another conservative journalist’s recent article, Charles Moore’s “I’m Starting to Think That the Left Might Actually Be Right,” in The Telegraph.
All this shouldn’t come as a surprise. Milton Friedman died in 2006, right before this sustained and ongoing barrage of crises hit the European and U.S. economies. Even though I personally think that either Friedman’s theories, or his priorities, or both were terribly wrong, I’d really like to hear his opinions on this mess. I don’t think Friedman ever associated economic liberalism and free markets with the kind of global predators that infest our economic waters who, deliberately and completely unrestrained, rob us blind, kill our future, and devastate our planet. The kindest explanation I can think of is that it was a failure of the imagination on his part.
Rational Expectations, Efficient Markets? Pipe dreams we should wake up from—to the reality of a post-capitalist economy where the real money has become virtual long since, popping out of nothing like virtual particles but without paying back its dues on its borrowed buying power. Instead, it’s you and me who pay its dues, with our taxes, our money, our purchasing power, our social institutions, our freedoms, our quality of life, our future, and our planet.
If we don’t wake up from these pipe dreams and radically overhaul our financial and political structures—which, for all practical purposes, have truly become the same—and don’t do so real soon, we can all kiss our collective ass goodbye.