This post makes the useful point that notwithstanding Norman Podhoretz’s description of liberal and conservative rhetoric, nowadays, one is more apt to find the rhetoric of optimism in Barack Obama’s speeches, than in conservative commentary. I have little problem agreeing with the following conclusion:
. . . it is something to watch for in the rhetoric of those who try to stand up for capitalism: will they frame it in terms of defending American tradition or in terms of criticizing recent injustice and oppression? The most successful formula probably lies somewhere in the neighborhood of Mr. Obama’s own rhetorical recipe, breaking down Mr. Podhoretz’s dichotomy by describing the effort to overturn injustice and oppression as exactly one of the traditions that has, over time, assured American freedom and prosperity.
The sooner capitalism can be identified with justice and freedom, the sooner its comeback will be.