Friday, July 24, 2009
Casino capitalism
Or legal cyber theft? I know one thing: It’s not capitalism, defined as “the best allocation of resources” achieved through “consumers having free choice and producers responding.” It’s more akin to traders hiding out at the end of a conveyer belt, plucking products away and stuffing them in their pockets before anyone notices. The conveyor belt is carrying our pension money. …
Or legal cyber theft? I know one thing: It’s not capitalism, defined as “the best allocation of resources” achieved through “consumers having free choice and producers responding.” It’s more akin to traders hiding out at the end of a conveyer belt, plucking products away and stuffing them in their pockets before anyone notices. The conveyor belt is carrying our pension money. …
