Sunday, March 29, 2009

"The Quiet Coup" from The Atlantic

If you want to understand the difference between capitalism, which I like, and "crony capitalism," which is really just a form of nascent economic fascism, read this article.

The Quiet Coup

The only critique that I would have to offer is that the author neglects to note the role of central bankers in creating economic crises. The piece should be a wake-up call to people who think that the current crisis represents a failure of capitalism. Capitalism didn't fail us--we failed it.

No comments:

Post a Comment