“In the United States, we’ve long had a free market system, but that system is not what it once was. Total government spending–state, federal, and local–has grown in real terms by more than 400 percent since 1965. Government spending is now one-third of the economy. As the private economy retreats, the importance of a new marketplace grows: the political marketplace. Products and services are no longer judged according to their usefulness to the economy at large–they’re judged according to whether or not they are politically useful or connected. The political marketplace is the marketplace of crony capitalism. Its supply and demand are lobbying expenditures and the resulting federal program or carve out. Its actors are not firms, but the political class and the politicians they influence”

— Ted Budd

Rep. Budd: The Political Market vs. the Private Market http://www.breitbart.com/big-government/2017/05/02/rep-budd-political-market-vs-private-market/ (May 2, 2017)

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Ted Budd 2

American politician 1971

Robert G. Kaiser (1943) American journalist

2000s, "Why can't we be more like Finland?" (2005)

“A large fraction of our total economy has grown up around providing service and counseling to inadequate people—and inadequate people are the main product of government compulsion schools.”

John Taylor Gatto (1935–2018) American teacher, book author

The Exhausted School: Bending The Bars of Traditional Education, Berkeley Hills Books; 2 edition (2002) p. 53

“America is now a socialist economy. The definition of a socialist economy is when 50% or more of your economy is dependent on the federal government.”

Christine O'Donnell (1969) American Tea Party politician and former Republican Party candidate

campaign speech, December 6, 2009
Christine O'Donnell on socialismin America
YouTube
2009-12-06
http://www.youtube.com/watch?v=gFisw16di3w
2010-10-20
2010 Delaware US Senate race

“Market economy implies a self-regulating system of markets; in slightly more technical terms, it is an economy directed by market prices and nothing but market prices.”

Karl Polanyi book The Great Transformation

The Great Transformation (1944), Ch. 4 : Societies and Economic Systems

“Quote, the viability of a postsingularity economy of scarcity is indicated by the transition from an indirection-layer-based economy using markers of exchange of goods and services to a tree-structured economy characterized by optimal allocation of productivity systems in accordance with iterated tit-for-tat prisoner’s dilemma. Money is a symptom of poverty and inefficiency. Unquote.”

Charles Stross book Singularity Sky

Source: Singularity Sky (2003), Chapter 6, “Telegram from the Dead” (p. 143)

“The parallel existence and mutual interaction of "state" and "market" in the modern world create "political economy"; without both state and market there could be no political economy.”

Robert Gilpin (1930–2018) Political scientist

Source: The Political Economy of International Relations (1987), Chapter One, Nature of Political Economy, p. 8

“One of the most striking trends, since at least the 1960's, has been for employment in services to grow far more rapidly than employment in manufacturing. It is this trend that has led to the view that developed economies have become de-industrialized and that they are now effectively service economies.”

Peter Dicken (1938) British geographer

Source: Global Shift (2003) (Fourth Edition), Chapter 16, Making a Living in Developed Countries, p. 525

“Geographically, the global economy is now multi-polar, as new centres of production have emerged in parts of what had been, historically, the periphery of the world economy. The world is now more accurately described as a 'mosaic of unevenness in a continual state of flux.”

Peter Dicken (1938) British geographer

Source: Global Shift (2003) (Fourth Edition), Chapter 15, Winners and Losers, p. 509

“It is important to realize that the market economy, though it is associated historically with the rise of modern private capitalism, is as a mechanism not necessarily limited to that system.”

Daniel Bell book The Cultural Contradictions of Capitalism

Source: The Cultural Contradictions of Capitalism (1976), Chapter 6, The Public Household, p. 223

“The Founders also recognized, I think necessarily and certainly at the time, that people with Government service who had served in the legislative branch or served in the executive branch would become judges--Chief Justice Marshall, for example--would have backgrounds that involved Government service or political service. But they also had confidence in the ability of people in our system, once they became judges and put on the black robes, to decide cases fairly and impartially. And that's the way that system has worked for more than two centuries. And I know there has been some discussion about that, but that's the way the system has worked in terms of deciding cases fairly and impartially and not based on political of personal views.”

Brett Kavanaugh (1965) Associate Justice of the Supreme Court of the United States

Confirmation Hearing on the Nomination OF Brett M. Kavanaugh to be Ciruit Judge for the District of Columbia Circuit https://www.congress.gov/108/chrg/shrg24853/CHRG-108shrg24853.htm (April 27, 2004)

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