Right now everyone seems to be getting terribly excited about saving capitalism. Which is fair enough, in the face of global meltdown. However, it seems to me that the price of saving capitalism is increasingly likely to be “democracy”. Which would be a shame as I’m a big fan of democracy. On the whole, I think it’s a good thing.
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I think the debate is more between capitalism and corporate anarchy than about capitalism itself. Capitalism entails rewards and money for producing more and profits. However, companies like AIG and big banks seem to reward themselves even when they are about to go bankrupt – that is not capitalism, its corporate anarchy.
Ajay Kaul,
Great comment; however, never forget that capitalism’s foundation is based on the relentless pursuit of profit. That is their sole purpose! Corporations have become the means through which greedy, sociopathic men use to perfect their perpetual pursuit of power, privilege, and prestige. I am reminded of a quote by David Roderick, a former president of U.S. Steel who said, “United States Steel Corporation is not in the business of making steel. We’re in the business of making profits.”
In Reason,
Madison