Mar 09, 2009
Following an interview with the New York Times in which he was asked about socialism, President Obama called reporters back to tell them:
"It was hard for me to believe you were entirely
serious about that socialist question." Obama later said: "I think that
it's important just to note when you start hearing folks throw these
words around that we've actually been operating in a way that is entirely consistent with free-market principles."
Obviously, that last part is patently absurd.
trillions of taxpayer dollars at private banks is a lot of things -
it's somewhat socialist in that public money is intervening in the
market, though really it's far more authoritarian capitalist. But one
thing it is not is "entirely consistent with free-market principles."
And really, so much of what our government has always done is entirely inconsistent
with free-market principles. Our trade policy, for instance, includes
all sorts of protectionist measures (patent and copyright protection,
for example) and market subsidies, but prohibits Americans from
purchasing lower-priced medicines from abroad. Our national security
apparatus is plagued with no-bid (ie. anti-free-market) contracts.
Anti-trust enforcement - critical to a free-market - has been gutted in
the last generation. The list goes on.
Now, let me say the obvious: While in the aforementioned
examples, the brushing aside of free-market principles has hurt the
country, it's good news that some of Obama's proposals aren't "entirely
consistent with free-market principles" - because in many cases,
"free-market principles," left to their own devices, can have
catastrophic consequences (see meltdown, 2009 economic). It's a good
thing, for example, that Obama promised during the presidential
campaign to create a publicly-funded option for universal health care.
Likewise, it's a good thing that parts of the Obama administration seem
more interested in considering bank nationalization.
What's not a good thing is Obama effectively validating the
right wing's frame. In going out of his way to insist he's for the
"free market," the president is signaling that he believes that the
"free market" must always be worshiped and publicly glorified, even
though this is an historic opportunity to reframe the entire debate on
far more pragmatic, less ideological, terms.
I'm not saying he has to go out there and say he's a socialist
(which, empirically, he most decidedly isn't) - but I am saying that
there's a big political risk in his continuing to act as if the right's
artificial economic frame must always be respected. That behavior
legitimizes the "free market" metric - it says he believes he should be
judged on that metric (ie. how "free market" a given proposal is),
instead of being judged on other metrics (ie. how well a proposal
works) that are far more important.
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