There is a major cultural schism developing in America. But itâ€™s not over abortion, same-sex marriage or home schooling, as important as these issues are. The new divide centers on free enterprise â€” the principle at the core of American culture.
I dare suggest Brooks in this quote, has this exactly backward. Heâ€™s pointing at a symptom and labeling at the root cause. Not that I blame him, really. Itâ€™s been so long since weâ€™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 thatâ€¦ (at least until recently)â€¦ 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 [...]
By now you probably know that both Freddie Mac and Fannie Mae have had very poor quarterly reports. Worse than expected. And now we’re in for worse trouble. Money is now expected to be tighter as we roll into the fall and home buying will continue to be slow...