Saturday, September 5, 2009
U.S. Recovery Leaving Workers Jobless May Stoke Company Profits
No. Pure capitalism requires purity of the "system" and at present (or for that matter since the abolition of the Glass-Steagall Act) there hasn't been such thing - the system has been gamed for so long, by so many insiders that even Madoff made off with billions despite numerous complaints to the SEC by some very ethical and responsible people.
It's not about "Pre-Madoff" or anybody or anyone else. Capitalism, especially unchecked, is a bane of our collective existence. Unless, we recognize and truly fix it (not simply ameliorate) then we'd be looking at the edge of abyss with a dumbfounded look yet again, rather than an inquisitive or a fearful eye!
Read the Article at HuffingtonPost