bookman4

In Defense of Capitalism

in true, laissez faire capitalism, regulators aren't asleep at the switch...because there are no regulators. to advocate capitalism, and then claim that the only problem with it is a lack of regulation is a complete reducto ad absurdum argument.

capitalism's moral legitimacy may stem from service, but it's economic legitimacy stems from investment and return, and the institutions responsibility to deliver those returns. this is greed, and it completely undermines the truistic service aspect the author seeks to push to the forefront.