Monday, September 21, 2009
Quote of the Week (Early Contender)
"In capitalism as envisioned by its leading lights, including Adam Smith and Alfred Marshall, you need a moral foundation in order for free markets to work. And when a company fails, it fails. It doesn't get bailed out using trillions of dollars of taxpayer money. What we have right now is Corporatism. It's welfare for the rich. It's the government picking winners and losers. It's Wall Street having their taxpayer-funded cake and eating it too. It's socialized losses and privatized gains."
-- Arianna Huffington in a piece that looks at Michael Moore's new movie, Capitalism: A Love Story