A new order, in which Wall Street plays a diminished role and Washington a larger one, is aborning..
..It's not just investment banks that have fallen by the wayside in the recent carnage; it's the ideology of unregulated capitalism -- of Reaganism. And if Republicans cannot find a way to disenthrall themselves from their faith in their old gods, they may ensure that the GOP itself becomes one more casualty in the collapse of laissez faire.
Says Wikipedia entry on "laissez faire"
From the French dictum first used by the eighteenth century physiocrats as an injunction against government interference with trade, it became used as an economic ideology which advocates minimal state intervention on the economy.
