E. J. Dionne, Jr. speaks to the wonders of redistribution of wealth by government fiat. FDR did it so it must be good! That FDR moved our system close enough to Marxism that Marx himself was proven wrong seems to produce no irony in E. J. Dionne, Jr..
Want to save capitalism? Regulate it.
Marx's predictions about the inevitable collapse of capitalism have been wrong so far because the system has worked reasonably well, thanks to the rules and redistributive programs established after the Great Depression.
The lesson is that the surest way to save capitalism is to regulate it in the public interest. The surest way to create socialists is for everyone to experience the economic consequences of counting only on the goodness in the hearts of Mr. Potter and Fabrice Tourre.
Well, Mr. E. J. Dionne, Jr. must be happy because we have in place an administration that believes it knows better than the market place so they'll just keep on piling more regulation on until we are what Marx wanted, a deflated and stagnant economy.
