Free Enterprise vs. Government Control

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Free Enterprise vs. Government Control

May-24-2010

There's a new front in American's culture war, says Arthur Brooks: Those who value limited government and free enterprise versus government control of a managed economy. Who will win?



It's a subject we've been dealing with on this broadcast since its inception, but most notably since Barack Obama was sworn in as the President of the United States. Do we favor entrepreneurship and market forces, or do we value a European-style system with an expanded bureaucracy?



Brooks authored a terrific piece in the Washington Post that tackles this very issue. In discussing America's new culture war, he writes: "This is not the culture war of the 1990s. It is not a fight over guns, gays or abortion. Those old battles have been eclipsed by a new struggle between two competing visions of the country's future. In one, America will continue to be an exceptional nation organized around the principles of free enterprise -- limited government, a reliance on entrepreneurship and rewards determined by market forces. In the other, America will move toward European-style statism grounded in expanding bureaucracies, a managed economy and large-scale income redistribution. These visions are not reconcilable. We must choose.



"It is not at all clear which side will prevail. The forces of big government are entrenched and enjoy the full arsenal of the administration's money and influence. Our leaders in Washington, aided by the unprecedented economic crisis of recent years and the panic it induced, have seized the moment to introduce breathtaking expansions of state power in huge swaths of the economy, from the health-care takeover to the financial regulatory bill that the Senate approved Thursday. If these forces continue to prevail, America will cease to be a free enterprise nation.



"I call this a culture war because free enterprise has been integral to American culture from the beginning, and it still lies at the core of our history and character. 'A wise and frugal government,' Thomas Jefferson declared in his first inaugural address in 1801, 'which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.' He later warned: 'To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers, have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to every one of a free exercise of his industry and the fruits acquired by it.' In other words, beware government's economic control, and woe betide the redistributors."



CLICK HERE TO READ BROOK'S EXCELLENT OP-ED IN THE WASHINGTON POST.

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