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elleng

(130,731 posts)

1. Thanks.

Reply to alwaysinasnit (Original post)

Mon Mar 18, 2019, 02:50 PM

Mar 2019

'Raghuram Rajan, a former governor of the Reserve Bank of India who teaches at the University of Chicago Booth School of Business, argues that communities no longer are capable of holding the state or market in check. . . .

Oxford University economist Paul Collier traces a similar pattern in Britain by focusing on Imperial Chemical Industries, which altered its mission in the 1990s from being “the finest chemical company in the world” to extracting shareholder value.'

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Two of capitalism's biggest defenders just confessed that it's no longer working for a lot of [View all] alwaysinasnit Mar 2019 OP

Thanks. elleng Mar 2019 #1

You're welcome. I hope more experts realize that. alwaysinasnit Mar 2019 #2

Capitalists never claimed it works for everyone. riverine Mar 2019 #3

I think it is safe to say that the more capitalism is unfettered, the more income inequality we alwaysinasnit Mar 2019 #4

Agree. As a fan of the liberal capitalist George Soros his remarks on unfettered capitalism riverine Mar 2019 #5

Capitalist America had no "safety net" until FDR and his New Deal, whathehell Mar 2019 #7

It's been the story throughout the ages. Extraordinary consolidation of wealth controls the world. YOHABLO Mar 2019 #6

A Middle Class has ALWAYS had to be fought for.. whathehell Mar 2019 #12

Even Adam Smith, Wealth of Nations safeinOhio Mar 2019 #8

Absolutely,which is why it seems so ironic that conservatives tend to quote him. Which leads me to alwaysinasnit Mar 2019 #9

They only read the safeinOhio Mar 2019 #10

You are so right; it is the basterdized version. alwaysinasnit Mar 2019 #11

As the Boy Scouts say, "Be prepared" gratuitous Mar 2019 #13