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Old 09-21-2010, 01:02 AM
TwinSwords TwinSwords is offline
Join Date: Dec 2006
Location: Heartland Conservative
Posts: 4,933
Default Re: Big Government Libertarianism (Glenn Loury & Jim Pinkerton)

Originally Posted by Baltimoron View Post
I don't know if that title is supposed to be ironic, straight, or comical, but it makes no sense whatsoever.
Well, it's just what Jim said, half-joking, to describe himself at the very beginning, when Glenn observed the contradiction between Jim's professed libertarianism and his desire for a big government industrial policy and other policies to protect the interests of the American population against the ravages and depredations of the elite.

Originally Posted by Baltimoron View Post
Why doesn't Pinkerton just admit he's making a racist argument?
Would you mind elaborating on this? What part of Pinkerton's argument was racist?

Originally Posted by Baltimoron View Post
And, American industrial policy was rarely ever Hamiltonian. Did he forget Jefferson, and how southern interests fought internal improvements until the Civil War? Has he looked at the career of John C. Calhoun, who regressed from nationalist and pro-improvement to sectional and anti-Federalist?
Good points. And his tribe continues to fight them to this day.

I happen to think he's right, though, that it would be a wise use of our national wealth to invest in national infrastructure. Ten years ago we could have done this by wiring the nation with fiber optics and high speed networks. But building a hundred nuke plants is a great idea, too.

Part of what the libertarians fail to grasp is that American industry could not compete in a free market. The agriculture and aviation industries are classic examples: both are so heavily subsidized in Europe that if the US government didn't dramatically intervene in the markets in the US, both industries would flounder, or vanish. Unfortunately, a child's view of economics, a view so simple it can be spelled out on a 3x5 card, is no substitute for understanding the complexities of 21st century economy.
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