America's New Jingoes

Kerry and the left embrace economic isolationism.

George Gilder writes about the difference between the economic vision of conservatives, who understand the mechanisms of the free market, and the advocates of top-down centralized command and control of the Democratic Left. The left is stuck in the 19th century past of economic theories which have been shown to be failures throughout the 20th century in every part of the world where they have been tried. But since the fall of Communism in the late 80's the capitalist supply side revolution has taken hold in much of the world. In the East and in the old Eastern Bloc, capitalism is now the system of choice and economies around the globe are growing by leaps and bounds. The US also has grown much since the Reagan years and now stands at the dawn of a new economic boom. But John Kerry and the Democratic Left want to bring back the policies of the 70's that brought us "stagflation" and the Carter Misery Index. With luck, Americans are smart enough to understand just how much of a disaster that would be.