The nonsense of a 'new world order'

Desert Dispatch
July 07, 2009
By Tibor Machan

The July 6 edition of Business Week reports that Roger Altman, Deputy Treasury Secretary under President Bill Clinton, now CEO of an investment banking boutique (Evercore Partners), has — like President Sarkozy of France — concluded that it’s the end for capitalism. As Business Week tells it, Altman wrote in Foreign Affairs magazine that “The era of laissez-faire economics is over, and statism, once discredited, is making a comeback — even in the U.S. Also out of vogue is globalization.”