When the supposedly conservative Republican candidates attack the leading GOP contender for being an evil capitalist, you know the world has turned upside down. Mostly, though, you know there’s not much of a market anymore for people who believe in economic freedom.
Some of my best friends are highly invested in a futile effort to elect Ron Paul president. I’ve talked before about why it’s going to fail, and I’ve also talked about why I won’t be voting for him (or anybody else). But I’ve been told forcefully by my friends that I’m wrong — that Paul can be elected. I’ve also been told that even if he’s not elected, he’s “educating” voters and the effort will pay off some other time, when the masses are (apparently) suddenly going to ditch their core values and start agreeing with libertarian principles.
Anyone who’s paying attention to the realities of this year’s Republican campaign can see that this is pure fantasy. Most people don’t want our ideas. Even if you’re willing to accept a “limited government” — if such is even possible — there’s no evidence that people want such an animal. If you listen to the Republican candidates bicker, it’s clear that everyone other than Ron Paul will say whatever it takes to win votes. And it’s also clear that Paul isn’t going to break out of his core support among a minority of libertarians and economic conservatives.
In Monday night’s GOP debate in South Carolina, the “conservative” candidates attacked Mitt Romney for having spent years at Bain Capital, which made its money buying companies and making them more profitable. As part of that process, many people in unprofitable companies lose jobs. Self-styled super-conservative Newt Gingrich has been attacking Romney for this, despite the fact that anybody who knows anything about free market economics understand that this is the way the market functions. It always has and always will. (Austrian economist Joseph Schumpeter called it “creative destruction.”)

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