VIDEO: The Tea Party vs. Occupy Wall Street [5:50]
This video presents a very simple explanation of the fundamental and extremely important differences that exist between the classical liberalism of the Tea Parties and the progressive agenda advanced by the OWS movement.
It is based on “Why Progressive Institutions are Unsustainable” by Richard A. Epstein, the Laurence A. Tisch Professor of Law at the New York University School of Law and Professor of Law Emeritus at the University of Chicago Law School.
My thoughts … the video says there is “no middle ground” between these two schools of economic thought.
Now … I have heard that Distributism is a middle ground or “third way” to Socialism and Capitalism and I agree with the Distributist principle, which is that the economic system that best promotes happiness and social justice is one in which capitalism is practiced by as many people as possible via family- and worker-owned businesses.
But I confess to know little about how Distributism works in real life.
The way I understand things, there is a spectrum with total government control of the economy on the Left end (Socialism) and zero government control of the economy on the Right (Laissez-faire Capitalism).
The way the video describes Progressivism definitely puts it at the Left end, but I’m not so sure the “classical liberalism” of the Tea Party movement is at the Right end.
All the Tea Partiers I know are middle class folks with families and, often, small businesses. And I’ve often heard it said that America is predominantly “center-right”, which looks to me like where Distributism falls as well.