America at the Crossroads: Party realities crash.


For all of these reasons, Romney is eminently qualified to make the pro-market case. But his campaign, at least up to now, has lacked vision and followed in George W. Bush’s footsteps. Romney’s pragmatic, technocratic approach reassures people but fails to excite them. The Republican base is thus far uninspired, and independent voters fear a Bush repeat. Romney must differentiate himself from both Bush and Obama, rallying the Republican base while also attracting independents. Pledging a better future for America by defending the American free-market system against a Southern European–style crony capitalism is the perfect way to do it. It’s time for Romney to pick up this flag. CityJournal

That is the closer of a quick read article found at City Journal by Luigi Zingales. The theme of the article is quite clear. There is a difference between big business and free markets. In one of the ironies of our time the Democrats, whose faithful number many of those who naturally rail against Big Business are actually in the Party that has probably supported Big Business better than anyone else. Think about that if you’re a (D) or an OWS fan.



  1. Rutherford says:

    the Party that has probably supported Big Business better than anyone else.

    Could you elaborate on that a bit? When I think of Dem’s I think of organized labor and a real skepticism regarding big business.

  2. Alfie says:

    It is mentioned in the linked article which really is a quick read. The two hot references is ACA sell out to pharma and insurance and the various New Deal programs that assured big business monopoly.
    My thinking cap was tossed on my head this boring and I reflected back and agreed. Obviously (R)’s have been guilty too. “Silent Cal” was a term coined not so much to flatter Coolidge as indict him,depending on ones p.o.v.
    Yes indeed Rutherford I had a real depressing memory jar with my morning java today. Big Business does not equal Free Market and the confusion of that has lured all of us in2 a bad place.

  3. Raji says:

    Excellent article, Alfie. Romney needs new campaign staff as it does appear he is trying to run on a Bush ticket, hail fellow well met and all that rigmarole.
    However it will be hard to educate the voters in the difference between pro-market and pro-business.
    In the long run Romney may not be any better than Obama as POTUS but maybe Romney has a better chance to remove the stalemate that goes on in our legislative branch. Romney does not appear to be “beholden” to those in political power.

  4. Rutherford says:

    Raji, there may be some truth to that, but might Romney be beholden to business interests … and business lobbyists? You don’t think the billionaires financing his campaign don’t expect some sort of quid pro quo?

    Alfie I agree with you that Romney pushing the notion of free market is a good idea but in our current economy isn’t that also a myth? I don’t remember where I saw it, but a few months ago I saw a graphic that showed hundreds of companies ultimately owned by about a dozen conglomerates. Kinda flies in the face of free market to me.

  5. Alfie says:

    Thanks Raji and I agree.
    Rutherford you’ve kind of hit the nail on the head. The nail being the thing that on a bipartisan basis folks could and should really unite. The problem is even the fans that cheer “yea yea yea” are likely to fall silent when you truly accept things like “too big to fail” is wrong and that legacy company “A” deserves to die if it can’t compete against legit and strong company “Z”.

  6. Raji says:

    Rutherford, if you are referring to members of the Billionaires Club, they don’t need Romney beholden to them. They already control the ups and downs of the global wealth. As to business lobbyists, he seems so far to be above the fray but that’s just my opinion. As to a free market, that depends on who is defining “free”. Did you ever read Captains and The Kings by Taylor Caldwell (1972)? Another interesting book was Global Reach by Barnett and Mueller (1974). Both books are pertinent today.

  7. “Big Business” is anything but about Free Markets. More like a powerhouse entity supporting monopoly oligarchy types of marketing. But then again one would have to have a true understanding of economics to appreciate that…

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