20 Apr 2007
The Name Seems to Have Changed

Ya know, this's pretty funny. 'Cause not too long ago using economic policy to influence public behavior was called socialism.

Maybe we need a non-economic new word for this. How about statism: the principle or policy of concentrating extensive economic, political, and related controls in the state at the cost of individual liberty. Because the underlying economic system is irrelevant in this case - the important factor is State control.

"Using economics to influence public behavior is something this country is built on — it's called capitalism." — New York Mayor Michael Bloomberg, who is considering a mandatory fee to drive in the heart of Manhattan

Quoted in Time.

22:12 /Politics | 2 comments | permanent link