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« Krugman's Historical Three Card Monte | Main | And Now for the Good News »

Baum on Capitalism...

In her last column of 2008, Bloomberg.com columnist Caroline Baum writes:

The year 2008 will be remembered as one that exposed the fatal flaws in free-market capitalism, sending it to an untimely death.

Or will it?

...

All I could think of was Winston Churchill’s assertion about democracy. Capitalism is surely the worst economic system, except for all the others that have been tried.

Full article available here.

Posted by on December 30, 2008 at 10:09 AM |

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come on...calling corporatism as free market capitalism is absolute rubbish

Posted by: Pravin | January 02, 2009 at 03:03 AM

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