This is David Harsanyi's response to an idiotic article by Arianna Huffington:
"Celebrated progressive doyenne Arianna Huffington recently penned a brilliantly absurd piece, titled "Laissez-Faire Capitalism Should Be as Dead as Soviet Communism.""
"Huffington argues, in effect, that communism and "laissez-faire" (minimal-intervention) capitalism are equivalent ideological extremes."
"Sure, one of these philosophies spurred the murder and misery of hundreds of millions worldwide; the other promotes liberty, innovation and welcomes foreigners to lounge around in expansive mansions paid for by their former oil baron husbands."
"So we can agree; there is no such thing as a flawless ideology."
"Yet this serious, but temporary, recession -- and we've had at least four of them since 1980 -- is, evidently, the ironclad justification "to drive the final nail into the coffin of laissez-faire capitalism by treating it like the discredited ideology it inarguably is.""
"When a pundit informs you that a point is "inarguable," one instantaneously recognizes that the point is, in fact, remarkably arguable. Hordes of economists quarrel about this very idea each and every day. So the disaster narrative offered by Huffington and fellow panic-mongers, you can imagine, is riddled with underlying problems."
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