Posts Tagged ‘economic meltdown’

CATO takes a shot at Obama

Monday, February 9th, 2009

The CATO Institute has fired the first shot in the battle for the hearts and minds of America.  This conservative think tank that aided and abetted the neoconservative takeover of  US politics in the 1980s and 1990s recently ran a full page ad in The New York Times, The Washington Post, The Wall Street Journal, and other major newspapers across the country.  The ad openly challenges the Keynesian economic principles behind President Obama’s economic stimulus package.

In the text of the ad the CATO Institute offers its solution to the economic meltdown of the US economy–more of the same free market policies, tax breaks, and privatization of social services that caused the meltdown!

The newspaper ad was signed by almost 250 academic economists, including 2 Nobel prize laureates, from universities and colleges across the country.  Given a conservative estimate of 100 students per professor, we can be sure that at least 25,000 American students will be exposed to this conservative economic free market dogma and be required to repeat it ad nauseam.

That’s how captive audiences are treated in academia.  Classrooms from kindergarten on up have always been the ideological boot camps of capitalism.

The CATO institute itself targets students with a dedicated website called CATO on Campus that offers academic contests rewarded with CATO publications and full scholarships to CATO University in San Diego.

As the nationwide newspaper ad campaign and massive website indicate, The CATO Institute is well funded for the battle to preserve capitalist rule. 

The left needs to develop a clear alternative that focuses on the needs of working people.   And we need to do it quickly.