AT BOTTOM, the argument between the guys who quote Hayek and the guys who quote Marx is simple enough. It centres on capitalism’s ability to offer the things that people who very sensibly do not give a toss about ideology – and that’s the vast majority of the public, of course – seem most to want.
The neoliberal right stridently insists that the free market provides – or in more extremist readings, would provide if completely untrammelled – both a continual improvement in living standards and full employment. Moreover, free markets are positively correlated to political democracy, or even \’freedom\’.
The left’s interventionist proposals, in either Marxist or social democratic/Keynesian variants, are routinely castigated as a one-way ticket to North Korean Hell, by express or stopping train as appropriate.
It has, in truth, not always been an easy case to counter, especially at the popular level.
Well, yes, The bit I don\’t understand though is that Dave thinks this is a bad thing.