Mercatus buys ad space on the NYT opinion page, puts a Boudreaux article there which gets almost universally derided by the commenters. Boudreaux does a runner, apparently uninterested in the response to his NYT article.
August 15, 2012 § 2 Comments
The Koch funded Mercatus Center bought some ad space on the NYT editorial page (no, I don’t have a copy of the cancelled check, but how did this get there out of every worthy essay written in the world this week? I’m betting a straight cash transaction.)
Boudreaux gets a chance to have an opinion column in the NYT, which you think would be a big deal to him. But, he never shows up in the comments to defend his thesis, which nearly everyone disagrees with.
“which include across-the-board cuts in marginal tax rates and an easing of regulatory burdens” I can’t believe this guy. I have heard that GE already pays close to 0 in taxes. The rate can only be lowered if all the special interest deductions are removed. Easing of regulatory burden? I guess those would involve such horrible burdens as not polluting our water and air?
Both China and Germany have industrial policies that give assistance to the high tech manufactruing companies. Both countries are very succesful as a result. US does not and keeps losing jobs with the high unemployment rate.And people like the author of this article continue encouraging us to do more of the same.
(a few right wing nut jobs besides Boudreaux show up too)
Probably most of the commenters don’t believe it, but as result of liberalization of the world economy (i.e. globalization) it is predicted that we will not always have the poor with us — global poverty will be completely eradicated by 2030 and with a growing middle class, full of bourgeoisie values– the type of authoritarianism you folks advocate will not be tolerated
Granite City, Illinois
While this guy obsesses over Hayek and fantasizes about Ayn Rand millions of acres of what used to be Detroit are plowed under as the once vital city is returned to the wild, sacrificed on the altar of the Church of the Almighty, magically self-correcting “free” market. C’mon, Perfesser, stick your nose outside the ivory tower and see what’s actually going on in the real world.
“… and an easing of regulatory burdens – ”
You’ll know when we’ve done enough easing when the sky turns brown and the water grey and… well….. when the average persons quality of life is comparable to a laborer in communist China. It’s so great for capitalist when communist set the working and environmental standards.
Better opportunties for better pay jobs, where McDonalds, Taco Bell?
The Hayek people will always tell you what is best for the rich people, no matter how horrible their ideas are for the people who do Real Work.. To them it makes sense for America to make nothing that can be made cheaper elsewhere. In Hayek-land China will never go to war with us or cut us off, and on the domestic side it’s fine to have beggars lining the roadway as long as the police keep them from scratching the paint on our Hispano-Benzleys as we ride by in chauffeured luxury.
One thing: since the nobility is responsible for all jobs for the peasants the nobility must not be taxed. This is what von Haystack said, as did his buddy von Misery. “Only the little people pay taxes,” said one of their more ardent fans, whose dog recently died after a life of more luxury than most peasants (as the vons call us) will ever know.
Another thing: Since I work for a living (even though I’m technically retired) as do nearly all of my relatives, I want stiff tariffs on all imported good and services. If nothing else, those tariffs can make up for taxes not collected from Americans who would be working if it weren’t for all the imports.
Sorry, richies, but unless you get a little less greedy, you will see a nasty revolution. Occupy was just the first and gentlest warning, which you apparently did not heed.
Great Falls, Montana
American made products are manufactured in facilities that are designed to have the least impact on the enviroment and by people who are protected by safety and work hour restrictions along with many other benefits to the country. The “market” has found a way to circumvent this positive approach by outsourcing to countries that destroy the world enviroment, abuse adult and child workers and are anything but free market capitalists.
What is all this nonsense about the market determining more quickly where a job is best done? Do you think the Chinese government hasn’t had a constant and aggressive hand in influencing the development, often from the ground-up, of entire industries over the course of several decades? What we see as the off-shoring of many of our manufacturing, and increasingly, our more highly skilled jobs like research and development, is part and parcel to active and deliberate government policy. The free market is and has always been a freely dispensed lie, and America is getting murdered economically by precisely those nations that are the best at using governmental policy in conjunction with industry.
But what of the poorly educated and low skilled Americans in this country? Do we just forget about them or deport them to third world countries where they belong?
Even though America is a first world country, there are still many Americans who want AND need low skilled jobs.
There’s no doubt that a free market produces the most efficient allocation of resources. We all read Milton Friedman, and saw the advantages of deregulation and privatization in the US and the rest of the world through and after yje 1970’s. No need to keep selling us on that.
What we have seen is the polarization of wealth and people making wages that are simply unlivable (and our good prof, I’m sure, would argue against the minimum wage) and countries such as China that through political oppression, keeping their workforce from demanding their true worth.
Instead of repeating Austrian School 101 perhaps we could address these and other by-catch of Laissez-faire.
Hmm. So the reasons American business are not creating jobs are taxes and burdensome regulations? That would be a shock to several of the successful small businessmen I know. In fact, the ability to do many things cheaper in other countries seems to be the reason American workers are getting left in the lurch. It has nothing to due with the slightly reduced profits my friends enjoy because they have to pay some taxes on their profits.
Dr. Boudroux, I value less unemployment in the USA, which completely negates your entire argument. 🙂
To me, there is a moral issue when we are unwilling to pay enough for Chinese (non-U.S.) factory workers to have the same safe, humane and environmentally sustainable working conditions that we want for ourselves and/or our children here at home. It’s hard for me not to see Dr. Boudreaux as anything but a minion for hard-hearted millionaires and billionaires !
“Markets have spoken pretty clearly…”
After the worse recession since the great depression, aren’t we finished with letting “the markets” push us around?
I, for one, am tired of listening to the markets.
The good professor may be hearing market voices in his head, but i think it’s time the rest of us tune them out.
(this looks to be around 10% of the comments, got tired of copying/pasting them. You can see the rest here http://www.nytimes.com/roomfordebate/2012/08/05/should-the-us-seek-more-tech-manufacturing/a-ploy-for-poverty )