Fred Smith, President of the Competitive Enterprise Institute, looks at the current crusade against business participation in the marketplace of ideas:

[R]ecent attempts to purify the policy world have targeted conservative and free market groups. These so-called reformers overlook the labor union connections to "fair-wage" policy groups, and the trial lawyer connections to the Nader-style regulatory advocacy groups. And they overlook the left-leaning philanthropic foundations altogether. If they have their way, there will only be two legitimate funding sources left: government and foundations that support bigger government. If these are the rules of engagement in the war of ideas, then capitalism's prospects-in the United States at least-are bleak indeed.

We should reject these skewed moral trip wires. They are not even-handed guidelines, but rather the creation of mainstream media, and their academic allies, advancing an anti-market agenda.

posted by James DeLong @ 4:46 PM | General

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