Monday, January 10, 2005

Learning Capitalism

Reading the Thomases (DiLorenzo and Sowell) is always great fun; they are prolific, they are clear, they are smart and they are very angry.

In How Capitalism Saved America, Thomas J. DiLorenzo surveys the American capitalism story from the pilgrims to FDR to Michael Moore.

Somehow, we survive and even prosper in spite of the fact that widespread ignorance enable statist policies (not to speak of ideas and rhetoric) to persist.

Private school curricula are unlikely to be much more enlightened than public school curricula. The good news is that homeschooling is an option; parents and others can now find ever more helpful resources on the internet.

That may be the only way to teach young people that FDR did not "save capitalism". It somehow survives in spite of the fact that most of its beneficiaries do not grasp its essentials. They would not learn about them in the curricula of America's lower and higher schools.

When Doris Kearns Goodwin was still featured on the occasional PBS evening news interview, she would rotuinely explain to her audience that increasing "inequities" of 1920s capitalism "caused" the Great Depression.