Ted Auch

Thanks to a great article by Nelson D. Schwartz in The New York Times. Can you believe this?

Of course we have been doing the same here in the US since September of 2008 when Lehman Brothers collapsed. This type of mixing and matching would make even the most devious street hustler blush given the trickle down, up, left, and right of a group of greedy bankers and profligate sovereign governments. The idea that this type of thing couldn’t have been stopped is nonsense and to go one step further the Greenspanian idea that you don’t prick a bubble is pure hubris mixed with a large dose of Cigarette Smoking Man “After all, villains don’t think they are villains”.

What was it that John Maynard Keynes said about capitalism run wild. Oh yeah…“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.“

Well say what you want about Lord Keynes politics and the bastardization of his work and theories by the left and the right, but the fact remains we have never seen a paradigm proved so faulty, so often, in so many disparate economies, and with so many casualties than we have with Capitalism. Don’t even think I am espousing Socialism across the board I am not and would never, but a reexamination of the facts when they change should lead us to change our minds about Capitalism as it’s universal application is clearly misguided and when you wipe away the muck and bombast very dangerous for lots of folks.