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"Lifted billions out of poverty..in the last 200 years"…?
…world population in 1800 was 1 billion, it is now 6 billion, most of whom live below the poverty line.

"the government destroyed the auto industry" ?
…People bought foreign cars so either the wonderful free-choosing consumer destroyed the auto industry or it sold crap cars.

"the use of the financial crisis and recession for the advancement of their own social engineering agenda" ?
…They have been landed with the task of finding work for millions..They didn't ask for it..

"Mises always talked about the concept of the "sovereign consumer" and his role in the free-market to decide what goods ought to be produced by buying or abstaining."
…Does that include hard drugs? Or buying toxic debt, or being stung by Madoffs? Hmm do you suppose there is a need for regulation?

You guys might consider that substituting one stupidity for another is no solution at all.As Phil says it is a false dichotomy we need free enterprise but it needs guidance and regulation.

Ultimately the choice between free markets and socialism is a false dichotomy. What's needed is a system that prevents the decoupling of power from responsibility, or knowledge from decision making. No single set of tools is right for every situation, so it's not a matter of picking the right ideology, it's a matter of avoiding ideology in order to make the right choice.

I lived in such reality for 30 years. Govenment could not figure out how many rolls and what kind of toilet paper the nation should produce and use. There never was enough. There was an abandunce of white vineger (go figure). One would think that it would be much easier to distribute coupons for toilet paper or shoes or sugar or meat and count how many coupons were issued and then produce as calculated. It did not work either.

Not much diffference here: once the govenment decided to produce ethanol, there wasn't enough than it is too much. Once the government decided to build more homes there were too many. Once the govenment decides how may wind turbines are needed there will be too many, how much food to produce by subsidizing agriculture, there is too much. Funny thing is that nowhere in the world, where the healthcare is nationalized there is enough of it or the right quality.
Government enterprise at its best.

And I wish that she would reflect on that for a while and on the fact that lack of a free enterprise system is what got Cuba and North Korea where they are today. We might be in a ditch at the moment but even in this ditch we are way better off than Cuba and North Korea and enterprise system got us here.

http://www.time.com/time/specials/2007/article/0,28804,1658545_1658533_1658030,00.html

For the benefit of the rest of the us, can you please share the miraculous story of how you regained control of the vehicle?

Do you know how long you fought off the seizures?

Praise the Lord you are okay, and have lived to share your near-death experience.

Good stuff. I love when people's true beliefs are exposed from behind the typical boring political rhetoric.

A tip of the hat to the reporter for asking the question.

It's gone so much further than I feared.

Though I was wrong in that he seems more intent on Japanese-style coopetition wherein the wise hand of government tells businesses who to partner with and what to create.