Sunday, October 28, 2012

UK: Real history vs hollow rhetoric

The Economist

Barack Obama's economic agenda

A little history lesson

Oct 25th 2012, 16:54 by M.S.

NATIONAL REVIEW denounces the economic agenda booklet the Obama administration released yesterday. "He calls it the 'New Economic Patriotism,'" the editors write, "and if that name seems to you redolent of early-20th-century totalitarians, that may be because it is not the first N.E.P.: Lenin’s was the Novaya Ekonomicheskaya Politika."

Interesting reference! The Novaya Ekonomicheskaya Politika was a free-market economic reform package introduced by the Soviet government in 1921. It entailed a retreat from an all-state economic model in favour of institutionalised recognition of a legitimate private sector in industry and agriculture, as well as a dramatic tax cut.

Read it at The Economist:

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