Saturday, May 29, 2010

Capitalism's failure

• Originally posted by Jonathon Dyer on November 25, 2009
There was an interesting short piece in Forbes magazine earlier this month by regular columnist Sramana Mitra called "Capitalism's Fundamental Flaw".

Don't be fooled by the title; raised on a diet of Ayn Rand, Mitra is a strong supporter of Capitalism, but she isn't blind to its shortcomings. Her article highlights the dichotomy between creation and speculation; to wit, how the Capitalist system neglects the creators of value in preference to the speculators who merely trade on the commodification of that value. Take a moment to read the article. Then take another moment and tell us if you agree or disagree with it.

No comments:

Post a Comment