Archive for August, 2010

Capitalism is best loved by those whom it most benefits at any given time. Execs and shareholders always come first. Like any institution - religion, marriage, government — it’s no better than the people who run it. So, with people of middle-school maturity in charge, we have bubbles, inept regulation, influence peddling, Ponzi schemes, financial meltdowns, funny money (derivatives), program trading (computers superseding human intelligence), insider trading, inhumane boss-ocracy, perpetual job anxiety, people in jobs they hate, greedy executives and unions, and 24/7 marketing to keep consumers buying the latest styles and gadgets, because greed is good.

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