"Most of Europe is going hell-bent for socialism. ... If we believe in capitalism as we say we do, it is about time we went hell-bent for capitalism."
These timely words from U.S. Chamber of Commerce President Eric Allen Johnston appeared last week in the New York Times Magazine. The battle is joined between capitalism and socialism, said Johnston, but most American businessmen do not know the shooting has started. They are still giving "little more than lip service" to the faith in private enterprise they profess. Economic freedom in the U.S., said he bluntly, is still "the privilege...
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