As longtime readers know, in addition to taking out the trash and refilling the soap dispensers, one of my duties at Crash Landing is to ridicule other economist bloggers when I think they've said something patently absurd. Usually I pick on Tyler Cowen (I will stop when people think I am more important than him), but today's winner is David Zetland, who said on his blog:
I am basically a free-market libertarian, but I am no fan of "unbridled" capitalism. (I've been to China).
Now I can forgive David for placing the final period outside of the parenthetical sentence, but the idea that an officially communist country is now the paragon of unbridled capitalism?
By all means, folks, tell me in the comments how in some respects Chinese businesspeople are freer than Americans. Fine. Don't tell me that China illustrates the results of pure capitalism.
Pointing to Somalia as a Rothbardian world is unfair, but at least it makes sense; David's claim is nonsense.