Economics Links

September 20, 2009

Why Capitalism Fails

The M Shaped Recovery

This is the kind of writing I’ve been waiting for. I know it sounds like I’m rooting against the world, but all signs point to a recovery putting the global economy back on the same track it was before. I don’t want that. Nevermind that I have doubts as to whether an economic system essentially predicated on greed and the willingness to exploit other human beings is a God honoring one; if capitalism is what we must have, then it absolutely must not be what we had before everything so spectacularly exploded.

Both articles outline how tragically inevitable this all was– neither having the guts to point toward the ascendancy of Milton Friedman style free markets as an enabler except obliquely– and how unsustainable it will be again unless we have significant structural alterations.


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