jump to navigation

Progressive Corporatism October 8, 2008

Posted by tkcollier in Business, Economy & Business, philosophy & politics.
Tags:
trackback

The government will be much more active in economic management (pleasing a certain sort of establishment Democrat). Government activism will provide support to corporations, banks and business and will be used to shore up the stable conditions they need to thrive (pleasing a certain sort of establishment Republican). Tax revenues from business activities will pay for progressive but business-friendly causes — investments in green technology, health care reform, infrastructure spending, education reform and scientific research.

If you wanted to devise a name for this approach, you might pick the phrase economist Arnold Kling has used: Progressive Corporatism. We’re not entering a phase in which government stands back and lets the chips fall. We’re not entering an era when the government pounds the powerful on behalf of the people. We’re entering an era of the educated establishment, in which government acts to create a stable — and often oligarchic — framework for capitalist endeavor.

After a liberal era and then a conservative era, we’re getting a glimpse of what comes next.

Op-Ed Columnist – The Establishment Lives! – Op-Ed – NYTimes.com

Comments»

No comments yet — be the first.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: