Friday, August 24, 2007

Markets Failure

"Neoconservatives like free markets but recognize that commerce cannot bring about the good society on its own. '[T]hey understand that while capitalism is a revolutionary force that overturns established social structures and topples regimes this does not happen by itself--state power and sometimes military force are needed to expedite the process.' Gray's neoconservatives share more with Lenin or Robespierre than with old conservatives like Burke or Disraeli. They're trigger-happy neoliberals impatient for revolution."

In The New Republic, Eric Rauchway revews Ha-Joon Chang's Bad Samaritans and John Gray's Black Mass.

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