Socialism & Fear of Socialism

Published on Friday June 3rd, 2011

Kevin Drum questions the theory that businesses aren’t hiring because they don’t know what the costs of new regulations will be:

But the simple fact is that regulatory uncertainty is no greater today than it’s ever been. Financial uncertainty is high, but the Obama adminstration just hasn’t been overhauling regs that affect the cost of new workers any more than usual.

Drum suggests that it’s plausible that this is an issue that’s been invented by Fox News. But isn’t it also plausible that business owners fear regulations because unconsciously, they believe they are necessary? And doesn’t the Fox News paranoiac fear of socialism betray an unconscious belief in the necessity of socialism?


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