The Capitalist Manifesto: Greed Is Good(newsweek.com)

1 pointsby timothychung17 anni fa1 comments

http://www.newsweek.com/id/201935/output/print

2 comments

Dupe from four days ago: http://news.ycombinator.com/item?id=656979

I'll repeat what I said there:

There's a big problem here. When people like this use the word "capitalism" to mean the massive, ultra-financialized, state corporatist economy we have today, they confuse many into thinking this has something to do with free markets based on voluntary exchange.

So people who are understandably annoyed that Wall Streeters make millions without contributing very much, if anything, are unnecessarily encouraged to support state socialist policies. In reality, it is the lack of free markets which caused such problems in the first place.

timothychung17 anni fa

Thanks for letting me know.

I have just found out that I cannot delete my post.

Cheers.