southbeach

In Defense of Capitalism

ah, I love the idealism, but not buying it. capitalism is about whatever economic agents (people) want it to be. since greed is human nature, capitalism requires some clear and effective regulation to ensure people really do get rewarded for service. in fact, bankers, mortgage brokers and related service providers got rewarded for ripping people off. and plenty of people new it was happening, since lots of folk made a bunch of money shorting house builders, mortgage providers etc.