April 3, 2013 Leave a comment
Reaction to David Stockman’s op-ed in The New York Times last weekend [see my previous post Radical Surgery Needed] continues to pour in. Many of his critics focus on the numbers Stockman cites and his particular retelling of history (along with his role in it as part of the Reagan administration). Others criticize his views on the Fed’s monetary policies, the bank bailouts, the government’s role in expanding the social safety net, and three decades of near continuous deficit spending.
All of these points are well taken. I personally take issue with Stockman’s criticism of what he calls the government’s “giant social insurance blanket.” I will have more to say on that in my next post.
Nevertheless, as Marcus Brauchli writes in The Washington Post, despite his negative diatribe, Stockman still “produces a persuasive and deeply relevant indictment of a system dangerously akilter.” This is particularly so as he points his accusing finger at the crony capitalism that is so rampant in Washington these days.
While Stockman is quite pessimistic about the ability of the American public to fix these problems – he bluntly says “it can’t happen” – not everyone is willing to concede defeat just yet.
If you count yourself among those wanting to be involved in the solution, watch the TED talk below by Lawrence Lessig. His presentation is both inspiring and empowering. Special thanks to my fellow home town blogger Jordon Cooper for alerting me to this new video.