liberals. Well, of course.
In the
WaPo, this ran on September 5, the fiftieth anniversary of the introduction of the Edsel.
George Will: Advice for Detroit: Make good cars and Americans will buyGeorge Will: Advice for Detroit: Make good cars and Americans will buy
By GEORGE WILL
Of the Washington Post
Published on Friday, September 07, 2007
....
'The Affluent Society'
In 1958, with the Edsel already turned to ashes, John Kenneth Galbraith, with bad timing comparable to the launch of the Edsel, published "The Affluent Society." It asserted that manufacturers, wielding all-powerful advertising, were emancipated by the law of supply and demand because advertisers could manufacture demand for whatever manufacturers wished to supply.
This theory buttressed the liberal project of expanding government in the name of protecting incompetent Americans from victimization, and having government supplant the market as the allocator of wealth and opportunity. But all of Ford's then-mighty marketing prowess could not keep the Edsel from being canceled in 1959. Brooks calculated that it would have been cheaper for Ford to skip the Edsel and give away 110,000 Mercurys.
Say, George, as long as we're on the subject of incompetent Americans....