Janet Albrechtsen - Beware socialist snake-oil vendors

THOSE on the Left have a new spring in their step. Right across the spectrum of left-wing politics, from Michael Moore to Kevin Rudd, they are determined to build momentum for a new social democratic project. On these pages others have spent the past week bouncing around their ideas about progressive economics and the need to resuscitate the moral impulse behind social democracy. Determined not to waste a crisis, the language of the Left is, as always, clever, tapping our emotions with talk of rebuilding a better society. Yet, under new disguises, the same old frauds are being peddled. What is being sold as progressive is regressive if genuine progress is our aim. As the global Left rises up to claim its ideology will prevail, there has never been a more critical time to be reminded that economic freedom sits at the heart of liberty and human advancement. Most sensible people won’t fall for the far Left’s new anti-capitalist racket. Moore, who is filling his pockets by denouncing capitalism in his latest shock-doc, Capitalism: A Love Story, is preaching to the converted. Ditto economics professor Richard Wolff, star of another documentary, Capitalism Hits the Fan. Delighted that the global recession “creates space for people like me”, Wolff is riding high on the international speaking circuit as a critic of capitalism. Good luck to them.  Most people, however, realise that free markets have lifted people from poverty in numbers never before seen: those subsisting on less than $US3 a day dropped from half the world’s population in 1970 to 17 per cent by 2000. Full article here.

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