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Steve Coll. Jeremy Scahill. Dirty Wars. Martin Lindstrom. Half Empty. David Rakoff. Legacy of Ashes. Tim Weiner. The Iron Heel. But they're also very much in favor of this kind of utopian free market world that they think we need to push towards. Let me take a step back here. The central paradox of our time is that we've just come through this extraordinary financial collapse. We know that this was almost directly the result of 30 years of bank deregulation and of all the sort of financial experimentation that our government encouraged.
This disaster was caused by this ideology. And what the Tea Party movement and what the conservative revival generally is telling us to do is, instead of reversing course, instead of going back and saying, OK, maybe we should have a well funded Securities Exchange Commission.
Maybe we should go back and break up the too-big-to-fail banks. What they're saying is, no, no.
See a Problem?
Get government out of the picture altogether. We need not to reverse course. We need to double down on that ideology that we've been following all these years. Only when we get to that sort of pure state of complete free markets, then our problems will be solved. And until that day, none of this stuff matters. BLOCK: And in a sense, isn't one of the messages from the Tea Party, look, the government failed us in a calamitous way here and the last thing we need is more government.
What we need is On the surface, the Tea Party line and the new revived radicalized conservatism sounds pretty good.
Frank, Pity the Billionaire: The Hard-Times Swindle and the Unlikely Comeback of the Right, 1e
They're asking questions that need to be answered. Why did the regulators fail? I mean, that's a really good question.