Wednesday, August 3, 2011
"Many regard 'capitalism' as a dirty word, and it is tarnished most of all by its supposed guardians. Wall Street giants fancy themselves capitalists even as they live off the taxpayer and thrive on the state's gifts of privilege, inflation, and barriers to entry. In the military-industrial complex, they champion capitalism by name as they produce devices of murder for the state. In the Republican Party and every conservative institution, they talk it up while making such vast exceptions to the principle as to swallow it whole. When many think of capitalism, they think of the corporatist status quo, leading even some who favor economic freedom to abandon the term."
-- Anthony Gregory, Why Capitalism is Worth Defending
Posted by Tom, 8/3/2011 3:08:12 AM (Permalink). 0 Comments. Leave a comment...