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So, there is now no doubt that Barack Obama was a “card-carrying socialist” in his early political career. But the GOP’s gleeful use of this revelation against Mr. Obama in the presidential campaign hides in plain sight a much bigger problem: Most politicians in America today, including virtually all Republican “leaders” like Mitt Romney, are socialist fellow travelers. Fellow-traveling Republicans have been an open secret since Richard Nixon admitted “We are all Keynesians now,” by which he meant that what Keynes called “New Liberalism” had won the day.
John Maynard Keynes was the quintessential socialist fellow traveler who almost single handedly transformed the economics profession into an intellectual front for central planning and collectivist government intervention in the name of rectifying what he asserted were inherent flaws and instabilities in free markets.
In a recent keynote address delivered to the Seventh Annual Moral Foundations of Capitalism Conference at Clemson University, Dr. Richard M. Ebeling (professor of Economics at Northwood University), highlighted Keynesian fellow traveling. Ebeling pointed out, for example that in Keynes’s magnum opus, The General Theory of Employment, Interest and Money, Keynes was forthright and unapologetic in his belief that Soviet Russia had an advantage over the West due to its “almost religious revolutionary fervor, its romanticism of the common working man, and its condemnation of money-making. Indeed, the Soviet attempt to stamp out the ‘money-making mentality’ was, in Keynes’s mind, ‘a tremendous innovation.’”http://www.forbes.com/sites/lawrencehunt…