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Chirp, chirp, chirp

Those are the sound of the crickets coming from the world of Naomi Klein (link to the worst book of the decade not provided) and friends as the real truth about the relationship between crises and political economy is now right in their faces, providing exactly the evidence against the "shock doctrine" that some of us pointed out right away: crises cause the state to grow and the free market to shrivel. Disaster Socialism is back in business.

On a related note, will folks on the Left attack the Paulson bailout plan for the naked violation of the rule of law that it is? From the proposal:

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

This abrogation of the rule of law, after all, is precisely what the Left has correctly opposed about the Administration's conduct in the "war on terror," so why not continue the same opposition here? Anyone want to take a guess at the odds of that happening?

Cross-posted at The Austrian Economists.

Posted on Sunday, September 21, 2008 at 1:53 PM | Comments (11) | Return

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