Free enterprise has been attacked by the usual suspects. Omidyar Network and William and Flora Hewlett Foundation reportedly offered $41 million in total to eliminate neoliberalism and free markets. The New York TimesBoth foundations are long-supporting far-left causes, as was barely mentioned.
The William and Flora Hewlett Foundation and the Omidyar Network recently announced that “they were committing more than $41 million to economic and policy research focused on alternatives” to free market economics, according to The Times. The recipients of these grants intended to fund “research programs” are Harvard University’s Kennedy School, Howard University, Johns Hopkins University, the Massachusetts Institute of Technology, and the Santa Fe Institute. Both of these far-left foundations “are identified as left leaning” and have given vast sums to “climate change, gender equity and economic fairness,” reported The Times.
Times business, economics, and technology reporter Steve Lohr quoted Mike Kubzansky, Omidyar CEO: “I think there’s pretty broad agreement that the traditional set of economic ideas has passed its sell-by date.”
Kubzansky says that free-market economics is dead.
“Neoliberalism is dead, but we haven’t developed a replacement,” Larry Kramer, president of the Hewlett Foundation, allegedly proclaimed. Lohr stated that “many economists” believe “stagnant” wages, “inequality,” “job losses” and “impoverished communities” are “partly byproducts” of the policy of “neoliberalism.”
Really? So the same economic freedom that helped lift “hundreds of millions out of poverty” across the world and “open[ed] the gates of prosperity” to more people “than ever before” is bad? The Heritage Foundation says so. Heritage’s 2021 Index of Economic Freedom reported that the average GDP in “Free” nations was almost 10 times higher than in “Repressed” nations (countries with a score of less than “50” on Heritage’s freedom index).
Hewlett Foundation’s Kramer continued, “Our role is to supply the fertilizer and water to grow something different. We think this is the next intellectual wave.” What exactly the “next intellectual wave” entails is unclear, but Lohr wrote that the study of “racial and economic inequities” — leftist buzzwords — will be critical.
Two powerful allies are also supporting the growing effort to overthrow free market economics. Kramer stated that both the Ford Foundation funded by George Soros and Open Society Foundations funded by the George Soros have pledged to help overthrow free market economics.
Since long, the United States has had a shadow cast by Open Society Foundations as well as Ford Foundation. The Ford Foundation supported a number of extreme organizations, such as Planned Parenthood, the Gay, Lesbian and Straight Education Network, Friends of the Earth, and the World Wildlife Fund. Soros’ Open Society Foundations reportedly backed a leftist news outlet that advocated for labor unions and universal child care, according to an MRC report.
Conservatives are being attacked. The New York Times can be reached at 800 698 4637 to request that they expose radical groups of big money who are trying to destroy free enterprise.