Is capitalism dead?
by David K. Williams, Jr. | 5:52 pm, December 30, 2008 | Comments Off
An excerpt from a column by Carolina Baum from Bloomberg.com, in response to those that claim the govenment is better at producing fairness than the free market:Alas, government isn’t some benevolent matriarch acting in the public interest, even if it knew what that was. It is a conglomeration of politicians acting in their own self-interest, guided by payoffs from special-interest groups. That’s a poor substitute for the market’s price signals, not to mention a guarantee of inefficiency and waste.
Amen, sister.
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