At C4SS: Michael Medved's Myths, Lies and Downright Stupidity

Medved responds to allegations that big business is corrupt and exploitative, in the corporatist economy we live in, by arguing that “it can’t happen, because in a free market, blah blah woof woof.” It’s the moral equivalent of traveling back in time to feudal France and saying to the serfs: “No, those great landlords can’t be exploiting you because in a free market…” Or to the old Soviet Union and saying, “No, those state industrial managers can’t be pushing you around because in a free market…”

Stossel, at least, has previously tipped his hat to the ideas of corporatism and crony capitalism. But he didn’t let out a peep about it this time. He smiled and nodded in response to Medved’s fairy tale with the demeanor of a four-year-old child on Santa’s knee.