"The Affluent Society" was the canonical text of modern liberalism's disparagement of the competence of the average American. This liberalism -- the belief that people are manipulable dolts who need to be protected by their liberal betters from exposure to "too much" advertising -- is one rationale for McCain-Feingold. That law regulating campaigns embodies the political class's belief that it knows just the right amount of permissible political speech.Ouch.
Of course if advertising really could manufacture consumer wants willy-nilly, few new products would fail. But many do. "The Affluent Society," postulating the awesome power of manufacturers to manufacture whatever demand they find it convenient to satisfy, was published nine months after Ford Motor Co. put all of its marketing muscle behind a new product, the Edsel.
Small wonder that a conservative wit has surmised that the wisdom of economists varies inversely with their heights. Milton Friedman, 93, is 5 feet tall.
Thursday, May 04, 2006
Free Speech and the Modern Day Liberals
George Will on the death of Comrade Galbraith: