Magnifisyncopathological

What we are witnessing here, in virtually every corner of the globe, is the success and the spread of unbridled free market capitalism.

Dude, what the fuck are you talking about?

Notice he didn't just say "capitalism" or "free market economics." He said "unbridled free market capitalism" and that contains enough narrowing adjectives to show he was being quite specific. (it's a crying shame that one has to go to those rhetorical lengths in the first place)

So what goes through his mind when he says something like that? Here's what goes through mine, in no particular order:

• the total end of drug prohibition
  
• the abolishment of taxation, or at the very least, a system of taxation that imposes rates no higher than 1% and doesn't touch one's income
  
• the complete disappearance of the public education and health systems
  
• the abolishment of the Department of Agriculture, Department of Commerce, Department of Education, Department of Energy, Department of Health and Human Services, Department of Housing and Urban Development, Department of Labor, and Department of Transportation
  
• and all this - and more - replicated at the state and local level

All that is just the beginning for the proper existence of a system that can be correctly described as an unbridled free market in capitalist private property.

Mr. Kudlow, unfortunately, keeps on writing.

It is a dynamic worldwide march toward lower tax rates, deregulation, and, as market strategist Don Luskin put it on last night’s show, the “interconnectedness” of global economies through free trade, the free flow of capital, and the robust free exchange of information.

Reality check: Is the United States Congress marching towards tax cuts, reductions in business regulation, and the easing of free trade barriers? Is anyone aware of any large-scale movement in Europe towards the respect of private property? How's China doing these days?

I've been over this before and I'll repeat what I've said elsewhere: Mr. Kudlow is either ignorant of what he's saying or he doesn't honestly mean it.

And what’s more, this global stock market boom signifies a major defeat for al Qaeda and all the terrorist jihadists who seek to destroy capitalism and our way of life. The spread of prosperity across the globe cannot tell a lie: The terrorists are on the wrong side, they are on the losing side, and their side will be defeated. Freedom and capitalism is moving full steam ahead. It will ultimately crush the evil, totalitarian jihadists.

Is he asserting the eventual triumph of laissez-faire ideology is inevitable? Even if he isn't, the only justification for saying such a thing is the plain fact that interventionist economics are inherently unstable and cannot compete with the free market in terms of productivity. However, history clearly shows that as long as the broad mass of people doesn't mind (or doesn't know any better), socialist policies can continue for some time without any threat of collapsing nations and cultures.