Arthur Brooks, at The Wall Street Journal suggests that there’s a bit of a culture war going on about the future of capitalism. The headline suggests that “The Real Culture War Is Over Capitalism “

There is a major cultural schism developing in America. But it’s not over abortion, same-sex marriage or home schooling, as important as these issues are. The new divide centers on free enterprise — the principle at the core of American culture.

I dare suggest Brooks in this quote, has this exactly backward. He’s pointing at a symptom and labeling at the root cause. Not that I blame him, really. It’s been so long since we’ve dealt with things on the level of principle that even the more learned among us get it garbled in translation.

I agree with Arthur that this is a war that is cultural in its nature. However, the war over capitalism, as he calls it, is part of the war on culture because capitalism in its truest sense can only exist in a free society, which is a culturally generated condition. It is the product of a particular variety of culture that… (at least until recently)… we here in these United States have been blessed with. What I am suggesting is that the principle at the core of the American culture is in fact freedom, of which capitalism is a product.

While it is true that there are a few places in the communist world, China for example, where capitalism raises its head in some form, it is diluted in the extreme. It is in fact, capitalism in name only. Alas in the view of many, a goodly number of which were out on the front lines of the tea party protests last month, that kind of weak as dishwater capitalism, capitalism in name only, is the [...]

Somehow, I managed to stay awake for last night’s Presidential press conference. Say what you will about President Obama’s communication skills–and they are considerable–he is no macro economist.

Which is a shame, because he has access to two of the brightest macro-economists of our generation: Ben Bernanke and Larry Summers. He should listen to them; learn from them. They have much to teach him. My reaction to watching the President last night is that he is clueless as to how the economy really works, and his recent historical perspective is revisionist.

First, kudos to the media. As opposed to the first press conference, they asked him some hard, direct questions. Unfortunately, President Obama is incapable of answering these questions in a transparent, straightforward manner, but the questions were direct even if the answers weren’t.

Now to the revisionist Obamanomics. First, President Obama claims he inherited a $1.2 trillion budget deficit. According to the [...]

It’s been an interesting week so far as reaction to the whole Joe The Plumber escapade has heightened people’s awareness of Barack Obama’s agenda.

For the sake of full disclosure, and ensuring people don’t accuse me of taking his words out of context, you can see the full transcript of the conversation between Obama and Joe here. I’m going to focus on one sentence that Obama said:

I think when you spread the wealth around, it’s good for everybody.

One can argue a hundred different opinions on this topic, and there’s been a lot of comments around how this is a Socialist agenda (and many consider this to be pretty obvious). However, the new argument from the Left is that there’s nothing new here that make Obama’s plans more Socialist than we are today. Or more Socialist than we have been for nearly 100 years. I received an email