Magazine May 20, 2019, Issue

In Defense of Markets: An Introduction

(Luba Myts)

Socialism is back. T. S. Eliot said that “there is no such thing as a Lost Cause, because there is no such thing as a Gained Cause.” We thought our Gained Cause was having vanquished domestic socialism forevermore after the collapse of Soviet Communism in 1989. In the 1990s, Bill Clinton operated within the broad economic consensus established by Ronald Reagan, and when Republicans called Barack Obama a socialist, some on the left considered it a racially charged smear. But here we are: A self-avowed socialist nearly won the Democratic nomination in 2016 and is a serious contender this time. Another socialist, Alexandria Ocasio-Cortez, is the hottest thing in progressive politics today. The Green New Deal and Medicare for All are proposals for sweeping aggrandizements of government power on a scale not seen in this country since the New Deal, if ever. Meanwhile, some on the right are raising questions about free markets, or even rejecting them. If for nothing else, NR exists to stand up for important truths, even when they are embattled or out of favor. It is in that spirit that we publish our next two numbers, a twin special issue making the case for markets (the issue you are reading now) and against socialism (our next issue). If our cause wasn’t nearly as gained as we thought two decades ago, it is incumbent on us to make the argument for it more vigorously than ever. Thanks for reading.

In This Issue

In Defense of Markets

Books, Arts & Manners

Sections

The Week

The Week

Until Biden’s poll numbers come down, we advise the women of Iowa and New Hampshire to keep their distance.

Most Popular

Elections

Bernie’s Huge Victory

Bernie had a massive night in Nevada, with a diverse nomination-winning-type coalition. According to the entrance poll, he won whites and Hispanics and did well among blacks. He won men and women. He won college graduates and did particularly well with non-college graduates. He won Democrats and independents. ... Read More
Elections

Bernie’s Huge Victory

Bernie had a massive night in Nevada, with a diverse nomination-winning-type coalition. According to the entrance poll, he won whites and Hispanics and did well among blacks. He won men and women. He won college graduates and did particularly well with non-college graduates. He won Democrats and independents. ... Read More
Elections

Bernie Sanders Is a Moral Monster

Bernie Sanders complains that some criticism of the late Cuban dictator Fidel Castro is “unfair.” The Castro government lined up political dissidents and shot them. It tortured them. It weaponized the medical profession to torture and deform its critics. Its campaign of murder was extraordinary, its ... Read More
Elections

Bernie Sanders Is a Moral Monster

Bernie Sanders complains that some criticism of the late Cuban dictator Fidel Castro is “unfair.” The Castro government lined up political dissidents and shot them. It tortured them. It weaponized the medical profession to torture and deform its critics. Its campaign of murder was extraordinary, its ... Read More
U.S.

Women’s Sports Should Be Women’s Sports

Transgender sports policies make a mockery of women’s competition. Just look at the state of Connecticut. At the 2018 state open for women’s track and field, two young men identifying as transgender took first and second place in the 100m race. Their participation not only deprived young women of their ... Read More
U.S.

Women’s Sports Should Be Women’s Sports

Transgender sports policies make a mockery of women’s competition. Just look at the state of Connecticut. At the 2018 state open for women’s track and field, two young men identifying as transgender took first and second place in the 100m race. Their participation not only deprived young women of their ... Read More

Escape from Wuhan

The onset of the crisis in Wuhan startled me like a jump scare in a horror movie. You’ve seen the kind I mean. The audience is led to believe that the monster, psycho killer—or what have you—pursuing the intended victim is still distant. Then whatever it is stands up from behind, leaps out in front, bursts ... Read More

Escape from Wuhan

The onset of the crisis in Wuhan startled me like a jump scare in a horror movie. You’ve seen the kind I mean. The audience is led to believe that the monster, psycho killer—or what have you—pursuing the intended victim is still distant. Then whatever it is stands up from behind, leaps out in front, bursts ... Read More