The Corner

Re: Capitalist Couric

Some have complained to me that my greedy-Katie post is “anti-capitalist,” since Katie was only receiving that the market would bear. (What kind of market a state university’s private donors are I’m not exactly sure.)  Heavens, no, I am not “anti-capitalist.” I am, however, poking at liberal hypocrisy. I would be anti-capitalist if I suggested that it ought to be against the law for a group of Sooner alums to waste their money on Katie’s stentorian speeches. Or that her marginal tax rate be doubled.

Plus, what’s with all you Oliver-Stoners with the idea that capitalism = greed? You can both believe in an unfettered free market and still feel that it is shameless to charge $115,000 for a 20-minute speech. Free-market defenders don’t do the free market ideal any favors when their ideal is “whatever insane price someone will grasp on, that’s the free market at its finest.” You are free to overpay or overcharge – and that is a value judgment, in more ways than one – but the extremes are not automatically the ideals.

Tim GrahamTim Graham is Director of Media Analysis at the Media Research Center, where he began in 1989, and has served there with the exception of 2001 and 2002, when served ...

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