Printed with joliprint M rous than standing armies.» He declared the need you, that banking establishments are more dange fersonfamouslysincerelywrote,believe,«I with banks and that Ryan champions. Jef opposedthe untrammeled actions of commercial Ryan seems to be unaware that Jefferson vigorously would support Ryan’s libertarian views. to Thomas Jefferson for proof, imaging that Jefferson in the economy. Ironically, Ryan turns presidents have championed an affirmative role of the republic, our Founding Fathers and our greatest tory, however, shows otherwise. From the start of Ryan calls the mixed economy anti-American. His- «unlimited government.» Partycantoday, evenmoderate policieslikelook ofthe political spectrum like most of the Republi power of corporations. When one is on the far millionairesright and billionaires, and limit the lobbying environment from pollution, promote science, tax call for government to regulate banks, protect the unlimited government.» This is how Ryan sees my dual liberty» with the beneficence of «an intrusive, Ryanclaims wouldI replace «the ideals ofindivi not in words. corporatepower that Ryan champions in deeds if clutchesof thevalues, democracy fromrescuing mainstreamAmericantrueoftorepoliticsthe to Ryan is wrong: my book describes how we can res- describes my book as anti-American in its values. libertarian, avowed an Ryan, PaulCongressman side the business sector. In his government regulates business and invests along and Corporatocracy : Paul Ryan, American Values nomy,» one where a more effective federal «mixedeco cribeswhyAmericaaneeds book,newy The PriceTheCivilizationof review http://www.huffingtonpost.com/jeffrey-sachs/paul-ryan-american-values_b_991817.html of my book, , des- , ------to the laws of our country.» government to a trial of strength and bid defiance corporations which dare already to challenge our to «crush in its birth the aristocracy of our monied mid-20thcentury, andsomeday low-carbona en works (canals in the 19th century, highways in the federal government has played a vital role in publicTeddy Roosevelt to Franklin Roosevelt to now, the can history. From Jefferson to Abraham Lincoln to Ryan also overlooks several obvious facts of Ameri majority of the public wants to preserve social prothe public’s values, rather than respecting them. A issue after issue, Washington is presently bucking Ryan himself and his role in American politics. On which is core to the book, and vital to understandingRyan deliberately ignores that part of my argument, into American policies. valuestranslateAmericangovernmentto our of with American values, I show, but with the failure and higher taxation of the rich. The problem is not for the indigent, stronger regulation of the banks, Security,education,SocialMedicare,publichelp nism. Americans today by large majorities support mixed economy, not of Ryan’s free-marketa ofvalues libertariathe support Americansthat showing book theextensive evidencetheRyaninignores Johnson, and Nixon. Jefferson to the mission to the moon under Kennedy,search,Clark’sfromLewisandexpedition under now, the federal government has championed re land-grant universities. From the founding days ‘til signed the Morrill Act establishing America’s great education, such as in 1862 when Abraham Lincoln days ‘til now, government has championed public ergy system in the 21st century). From the founding 11/11/2011 21:59 Page 1 Books - - - - - Printed with joliprint market. ders about market failures and the limits of the thebank freebailout, all of asudden lecturing its rea «free-market» banks through a giant taxpayer-funded . The a second place to his new enthusiasm to rescue the Ryan’s enthusiasm for free enterprise suddenly took After financial deregulation led to the 2008 collapse, terests rather than moral or economic principles. America’s corporatocracy is governed by vested in Securities Industry & Financial Market Association. such as the American Bankers Association and the majorlobbying groups forthefinancial industry, beenhigh onRyan’s contribution list; sotoo have , two of the largest bailout recipients, havedustries. AmericaBankofBanksthesuchandas insurance,theby banking,homebuilding and in Ryan’s re-elections have been consistently funded financial collapse. fewyearslater. accompliceanis He toAmerica’s movea that setthestage forthefinancial crisis a giants, financial wannabe other and Citibank of repealGlass-Steagalltheof regulations behalfon Financial Services Committee in 1999, he supported bankingsector. memberBankingtheofa and As to prevent effective oversight and regulation of the Sinceentering Congress in 1999, Ryan has helped poratocracy. book,isthe leading print mouthpiece for the cor Journal, and Ryan stands at the center of it. The We have a corporatocracy rather than a democracy,campaign contributions from the corporate lobbies. democracy as our politicians trade their votes for following.thelosingits Americareasonis The wars, but they continue anyway. cut rather than raised. A majority wants to end the wants higher taxes on the rich, but they are being grams, but they are being cut anyway. A majority Jeffrey Sachs: Paul Ryan, American Values and Corporatocracy which commissioned Ryan’s review of my Journal similarly defended http://www.huffingtonpost.com/jeffrey-sachs/paul-ryan-american-values_b_991817.html Wall Street - - - - Switzerland, Sweden, and Finland have overtaken Europe isn’t trapped in America’s corrupt politics. ments!). Yet as I emphasize in the book, Northern cies (another sign for Ryan of anti-American senti Ryan attacks me for praising some European poli come what may. has a different response: slash Medicaid spending, banks.When it comes to the poor, however, Ryan bailed-out the ofmanagers senior and CEOs the otherwiseor controlling bonusesthe received by formsofWall Street. inveighedHe against taxing swung back to deregulation. Ryan voted against re Ryan,the As soon as the banks were saved with public money, refully, he will understand why. majority.WhenRyan re-readsmybookmoreca overwhelmingan Congressby thedisapprove of porations. The American people agree. Americans corporations, by the corporations and for the cor people, and for the people, not a government of idea the of America: a democracy of the people, by the My views in learn from successes abroad. anti-American to cite such facts. We can and shouldvate health care), and lower poverty rates. It’s not costs of quality health care (by relying less on pri outpacestheU.S. inhigher life expectancy, lower the U.S. in global competitiveness. Northern Europe Follow Jeffrey Sachs on Twitter: www. Journal The Price of Civilization twitter.com/JeffDSachs , and most of the political classpolitical the of most and , 11/11/2011 21:59 run to the very Page 2 ------