Saturday, April 12, 2014

The Libertarian Surge - Politico

The Libertarian Surge - David Boaz - POLITICO Magazine:

April 7, 2014: "Libertarianism — the political philosophy that says limited government is the best kind of government — is having its moment. Unfortunately, that’s mostly because government has been expanding in the aftermath of the Sept. 11 attacks and the financial crisis. Somehow government failures lead to even more government.

"When the financial crisis hit in the fall of 2008, the politicians in Washington had one response: start printing money and bailing out big businesses. First it was Bear Stearns, then Fannie Mae and Freddie Mac, then most of Wall Street. But voters had a different response. Polls showed widespread opposition to the bailouts. When Congress prepared to vote on President George W. Bush’s $700 billion Troubled Asset Relief Program, Americans made their opinions known in no uncertain terms. Ohio Sen. Sherrod Brown reported, “Like my colleagues, my phones have been ringing off the hook. The sentiment from Ohioans about this proposal is universally negative'....

"Meanwhile, the government’s response to the financial crisis sent people looking for answers. Sales of Ayn Rand’s Atlas Shrugged and Friedrich Hayek’s The Road to Serfdom soared. The Cato Institute’s pocket edition of the Declaration of Independence and the Constitution even hit The Washington Post best-seller list.

"Libertarian ideas often cross left-right boundaries. Lots of libertarians were involved in the tea party and the opposition to the bailouts, the car company takeovers, the 2009 stimulus bill and the quasi-nationalization of health care. But libertarians were also involved in the movement for gay marriage. Indeed, John Podesta, a top adviser to Presidents Bill Clinton and Barack Obama and founder of the Center for American Progress, noted in 2011 that you probably had to have been a libertarian to have supported gay marriage 15 years earlier. Or take marijuana legalization, which is just now becoming a majority position: Libertarians have been leaders in the opposition to the drug war for many years."

Read more: http://www.politico.com/magazine/story/2014/04/the-libertarian-surge-105446.html
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