Sunday, August 29, 2010

Today's lesson

Since it's Sunday, the day of rest and sermons, I will provide a sermon written by someone else, while I rest.

But no one believes in a planned economy any more. When it comes down to it, most anticapitalists now believe in the sort of regulated capitalism one finds in Scandinavia, where government intervenes only with the modest goal of making a country’s economy serve its citizens rather than the other way around. Rather than setting the price of bread, as the Soviets did, governments like the Swedish restrict themselves to sensible measures like enforcing paid paternity leave and minimum annual vacations. Such policies do not abolish capitalism; they merely limit its domain. They might be a hassle for employers, but they surely benefit the quintessential local, organic, traditional institution–the family. And they hardly constitute government by the bureaucracy.

I think I might subscribe.

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