Marxism Won In America: The New Deal and Great Society Stem From Socialism

So says R. Christopher Whalen here:

[D]espite America’s pretensions to being a free market, democratic society, the Marxian world view won the battle for ideas in the 20th Century. The New Deal and Great Society efforts to increase the scope of government in America all stem from the socialist ideas of FDR and his political heirs in both parties.

A genuine conservatism and a truly conservative Republican Party must stand for dismantling both.

Capitalism Hasn't Failed in America. It Just Hasn't Been Tried For A While.

So says Chris Whalen here, in reply to Roubini:

[D]espite America’s pretensions to being a free market, democratic society, the Marxian world view won the battle for ideas in the 20th Century. The New Deal and Great Society efforts to increase the scope of government in America all stem from the socialist ideas of FDR and his political heirs in both parties.

Which explains, among other things, Paul Krugman.

Roubini: Corporate Profits Came on Backs of Unemployed

Ambrose Evans-Pritchard reports on the Ambrosetti conference at Lake Como, where Nouriel Roubini made the remark:

Dr Roubini said US companies have plenty of cash but are boosting profits by a policy of “slash and burn” on labour costs. “We’ve lost 8.4m jobs and if you include the loss of hours worked it is equivalent to another 3m. We need to generate an extra 450,000 jobs every month for three years to get it back,” he said.

For more go here.