Implacable Hostility

clipped from hotair.com Liberalism’s implacable hostility to market economics — their attacks on investment and profit, in service of their politically motivated demonization of “the rich” — is one of those ideas that has consequences. Everyone with a 401(k) account has suffered directly from the collapse of the stock market. Measures that prevent recovery will only prolong the misery, and one investment manager summed up the current situation Friday: “Nobody’s investing because there’s no reason to invest,” said Dawn Bennett, CEO of Bennett Financial Group. Exactly. If companies can’t make profits, what’s the point in buying stock? But the government is now controlled by liberals who want us to believe that corporate profits are evil, and so the prospects for investment are bleak. “Investment” is just another word for “capital,” and you can’t make capitalism work without capital. As Michelle Malkin said in September 2008, The Fundamentals Suck.