Unfortunately, while spinning through radio stations during a drive last week, I landed on an NPR station during an interview with Alan Greenspan.  If you hadn’t known who he was beforehand, you’d dismiss him as merely another moderate leftist with a very pragmatic economic sense.
One section was especially intriguing with regards to his views towards redistribution of wealth.  He initially labels “market capitalism” as the “most effective thing since the enlightenment”, but  when asked about his views on a “redistributive” tax system, Greenspan implied that Capitalism would fail because of the repercussions of “income inequality”, and that he could see several “non-market advantages [to income redistribution] required to support the system as a whole…”

I guess to Alan, the word market in “market capitalism” means ‘infinite government tinkering.’

The entire interview can be heard @ http://www.npr.org/templates/story/story.php?storyId=14537573

The section I refer to above starts @ 5:52.

This entry was posted on Saturday, September 22nd, 2007 at 9:21 am and is filed under Misc.. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.