It's a good thing that ideology doesn't matter
"If you accept the premise that market forces and free markets will not always regulate the market for the best, then you may find yourself among those who believe that the government (we hope a reasonable and thoughtful government) must play a larger role in regulating some market activities, even if this limits free enterprise."I thought that sounded reasonable enough, but when I searched the quote online, I mostly found references that mocked...
What a maroon! He takes his unproven assumption as fact and says that that makes the current (mostly) free market incapable and unreliable, and therefore the government must step in and control things because in its wise beneficence it can take all factors into account reasonably. He’s living in a dream world. He believes the government is the source of what is good and right. Why he believes this, why anyone would believe this, is beyond me.... this idea:
If Ariely has one weakness, it's when he recommends solutions to the behaviors he seems, which mostly seem to involve government. One of his biggest whoppers: "If you accept the premise that market forces and free markets will not always regulate the market for the best, then you may find yourself among those who believe that the government (we hope a reasonable and thoughtful government) must play a larger role in regulating some market activities, even if this limits free enterprise." Ariely himself finds the flaw in his prescription, yet still recommends it!
Well, I noted, these comments were before the Big Shitpile hit the fan. Surely, as Krugman observed, there are no libertarians in financial crises. But in looking up that quote, I see that Krugman is in fact wrong. Waist deep in the Big Shitpile, and the damn fools say to push on:
What's curious is that sane, progressive governments are adjudged to be a pipe dream, while perfect libertarian societies are presumed to be fully achievable.
Krugman in typical fashion communicates his point in a smug fashion and implies that only someone completely bonkers would maintain a libertarian stance. But the reason we are in this mess to begin with is because we weren't bonkers enough to pursue libertarian economic policies. Instead, statist intervention in financial markets has been pursued for decades. Government policies that privatized profits, but socialized losses; easy credit monetary policy; regulations which favored some groups at the expense of others, etc. all created our current mess. NOT free markets, and only free markets will permit the adjustments to economic realities that are required to get the market economy back on-track.
I don't know about atheists in foxholes, but I do know that only economic libertarianism can get us out of the mess of political capitalism we are currently in. To argue otherwise, as Krugman and his crowd do, not only belies a fundamental lack of economic understanding, but an innocence of public choice.
Note: About that "Krugman quote."