Stuck on 1968
I must admit to getting a bit of a chuckle out of Arnold Kling's opening salvo in Stuck on 1968:
Most people who were liberals in 1968 still are. Liberals. In 1968.Kling notes that "the Conventional Wisdom among well-educated liberals in 1968 included the following":
- Anti-Communism was a greater menace than Communism.
- The planet could not possibly support the population increases that would take place by the end of the twentieth century.
- Conservatives stood in the way of progress for minorities.
- Government programs were the best way to lift people out of poverty.
- What underdeveloped countries needed were large capital investments, financed by foreign aid from the rich countries.
- Inflation was a cost-push phenomenon, requiring government intervention in wage and price setting.
- Anyone who is not a liberal must be incorrigibly stupid
- a mass exodus from Communist Vietnam (the boat people)
- a large exodus from Cuba (the Mariel boat lift)
- the collapse of Soviet Communism, revealing that the system did much broader and deeper damage than most people realized
- an unmistakably large gap between North Korea and South Korea in terms of material well-being and personal freedom
Labels: Arnold Kling, Economics, Policy