Posts Tagged: capitalism

Here’s the President’s problem. It’s not just that he is far to the left of the average American. It’s that for all his high-mindedness he is operating in a different ethical scheme than most Americans—and he does not seem to know it.
What the President really seems to regard as the defense of high principle Americans [...]

// a href=”http://www.cnbc.com/id/34921639″ target=”_blank”>Stiglitz Says U.S. Has Abolished Capitalism
Parts of this are ho-hum, but Stiglitz gets closer to a core theme of Panic (and thus absolute truth) than any significant public figure we can think of. We argue in the book that the essence of the crisis was replacing strong owners positioned to make strong, [...]