Freedom or Government Control — There Is No True "Third Way"

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Freedom or Government Control — There Is No True "Third Way"
 

05/02/2019Bradley Thomas

Every government intervention into the economy may not be socialism, but it is a step toward socialism.

Interventionists claim to advocate for a ‘third way’ of economic organization, one that preserves the productive nature of capitalism, while merely reining in some of its destructive excesses.

For instance, Sen. Elizabeth Warren last year described herself as a “capitalist to the bone,” even declaring “I believe in markets and the benefits they can produce when they work.”

However, she added the caveat that it is “markets with rules” that can create value and insisted “markets worked better” during the timeframe of 1935 to 1980 in large part due to “more aggressive regulation of markets.”

https://mises.org/wire/freedom-or-government-control-%E2%80%94-there-no-true-third-way