Wednesday, September 17, 2008

'The end of capitalism'

Is the reality of the modern, transactions-oriented model of financial capitalism indeed that large private firms make enormous private profits when the going is good and get bailed out and taken into temporary public ownership when the going gets bad, with the tax payer taking the risk and the losses? If so, then why not keep these activities in permanent public ownership?
-- asks Willem Buiter in the FT

1 comment:

Douglas Coker said...

"The End of Capitalism" Good idea.

Douglas Coker
Enfield Green Party