When the modern age began

Obama's State Capitalism

Excerpt:

Even more than the New Deal and the Great Society, Obama's agenda expresses the mentality of a class that was nascent in the 1930s but burgeoned in the 1960s and 1970s. The spirit of that class is described in Saul Bellow's 1975 novel "Humboldt's Gift." In it Bellow wrote that the modern age began when a particular class of people decided, excitedly, that life had "lost the ability to arrange itself": "It had to be arranged. Intellectuals took this as their job.

Comment: Another good George Will read. More below (out of sequence)

We are already testing whether President Obama and other statists who have given his administration and this Congress their ideological cast have a doctrine analogous to Brezhnev's. Having aggressively, even promiscuously, blurred the distinction between public and private sectors with improvised and largely unauthorized interventions in the economy, will they ever countenance a retreat of the state? Or do they have an aspiration that they dare not speak? Do they hope that state capitalism will be irreversible — that wherever government has asserted the primacy of politics, the primacy will be permanent?


They say not, but they say many things that they probably do not believe. (That a government-run "public option" health insurance would not extinguish or even harm private insurance; that cap-and-trade carbon regulations will raise energy costs without injuring the economy; that taxing Peter to subsidize Paul's purchase of a new car is a sound basis for economic growth; that an 85 percent unspent stimulus has routed the recession, etc.) Two legislative proposals are revealing the administration's real intentions regarding government ownership of companies.