No-one likes markets. Not even the Right.

There’s a lot about this essay I’m unsure of, and I need to read it thoroughly to get the gist. But this part made me laugh out loud:

Diversity Really is Our Strength:

After the 1960s, it became impossible to get overwhelming majorities in favor of major additions to the welfare state. Republicans in particular went far to the right on economics, and they started winning more elections. This wasn’t because white Americans suddenly decided markets were good. Again, all populations hate markets, because it takes too high of an IQ to appreciate them, and even among those smart enough, you still have to be more interested in truth than supporting things that sound good in order to give capitalism its due.

Published by