NLT readers might want to check out Bill Voegeli’s piece Keep the Capitol out of Capitalism from Sunday’s L.A. Times. A sample:
Americans are souring on the idea of free markets, according to some newspaper reports. Gas at more than $4 a gallon, plummeting home values, a volatile stock market, tightening credit and mounting job losses are said to have undermined the consensus, politically dominant for a generation, that the heavier burden of proof falls on those who want the government to intervene to correct the market, rather than on those who believe that the market should be allowed to correct itself.
For capitalism’s defenders, having to face skeptical audiences could prove beneficial. Capitalism, like most ideologies, has received dubious assistance from its most zealous publicists. "The market" becomes the focus of every grievance when people have been encouraged to believe that it is the best system imaginable.
Read the whole thing.
Update: Link fixed.