Obama and Bush: Different Objectives, Same Results [View article]
-- President Bush thought common shareholders in financial institutions should be massacred to preserve Darwinistic capitalism. --
What other kind of capitalism is there? I thought that capitalism was a system in which those that are less successful at satisfying customer wants in a profitable manner, lose money, lose business and eventually lose their investment. The resources at their disposal get picked up by someone more successful. I'm confused (again).
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-- President Bush thought common shareholders in financial institutions should be massacred to preserve Darwinistic capitalism. --
Mar 08 19:09 pm
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All Comments by JohnL »Obama and Bush: Different Objectives, Same Results [View article]
What other kind of capitalism is there? I thought that capitalism was a system in which those that are less successful at satisfying customer wants in a profitable manner, lose money, lose business and eventually lose their investment. The resources at their disposal get picked up by someone more successful. I'm confused (again).