The Forbes prescription
These days it can seem more popular to defend Morris dancing than free markets. In today’s recession-engulfed debate, failed ideas have come back from the dead. Capitalism is bad, intervention good. Financiers are evil, industrialists are good. Tax hikes are good, low-tax polices are bad. And so on. But if there is one person (beside Fraser Nelson, of course) who is willing to stand up for free-market capitalism it is Steve Forbes. The U.S publisher, flat-taxer and perennial presidential candidate has just published a punchy piece in his eponymous magazine – entitled “How Capitalism Will Save US” — and at a breakfast meeting in London, he laid out his ideas.
