Thursday, February 19, 2009

Beacon of Liberty

Everything old is new again. From the essay in question:
The wider context was the challenge to liberalism and the free market posed by
the rise of a generalised state interventionism in the form of planning,
corporatism and socialism. Capitalism seemed on the brink of systemic failure
and for many it was capitalism itself that was to blame. Its decline and its end
appeared inevitable.
Read the whole thing.

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