Too Much Government, Not Too Little, Caused Great Recession

IBD reports:

Just a generation after the collapse of the Soviet socialist system, a recent Pew poll reports that 49% of Americans 18-29 years old have a positive view of socialism, while only 46% have positive views of capitalism.

The ambivalence toward capitalism is due in part to the influence of the information and entertainment class — the mainstream media, Hollywood and the universities — whose biases are entrenched and well known.

Their portrayal of the 2008 financial collapse and the shambles of its aftermath — as being caused by greedy Wall Street bankers who got rich by foisting deceptive loan underwriting practices on ordinary people — reinforces this narrative.

Now, another side of the story is crystallizing in the public mind due to serious investigative reporting. The latest new insights are from Jay Richards in his just-released book, "Infiltrated."

What's increasingly clear is that it wasn't the free market, but rather Washington's socialized housing policies and crony capitalism, that failed and brought on the worst recession since the Great Depression.

Here's the book.