So I was extremely excited for the VP debate tonight, not only because I'm interested in politics (a new development for me, mostly because of this class as well as the importance and relevance of the looming election) but also because I was looking forward to a good laugh.
Good 'ol (young?) Sarah Palin did slightly better than in interviews with Katie Couric this week on CBS. Or, from my point of view, she wasn't as hilariously stupid, but almost as stupid. Anyway, to relate tonight's debate to capitalist democracy and economic freedom — Palin failed to answer questions related to McCain's support of economic deregulation. Suprise, suprise!
Relating that to the Friedman reading, it got me thinking — why has the U.S. "conservative" economic view come to mean, what used to be, economic liberalism? As Biden brought up multiple times this evening, McCain has done the typical Republican "thing"by supporting economic deregulation.
To me, the reason why capitalism and economic freedom are Republican ideals is that those practices favor big business and the rich sector of the population, the same sector that most of the Republican party is made up of.
While economic freedom is a liberal view, conservatives will obviously condone the practices they benefit from. And deregulation is one of those.
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