The Real Culture War

http://www.futureofcapitalism.com/2009/10/the-real-culture-war

Reports the Economist:

Arthur Brooks, the head of the American Enterprise Institute, a conservative think-tank, feels that the real culture war in America today is not about gay marriage or abortion, divisive though those issues are, but about capitalism. Everyone agrees that Wall Street messed up last year, but many are disturbed by the expansion of government that followed the crash. Voters particularly dislike the way the state is using their money to reward deadbeats, says Mr Brooks. They themselves work hard and live within their means. They see their neighbour, who borrowed more than he could afford to buy a fancy house, getting a bail-out to save him from the consequences of his own poor judgment. They see reckless bankers getting bailed out too, and the ill-managed carmakers of Detroit likewise. And they resent it.

(Link via AEI's blog.)

by Editor  |  Oct 13, 2009 at 11:55 am Related Topics:  Auto Industry, Housing receive the latest by email: subscribe to the free futureofcapitalism.com mailing list