this article was written by an ignoramus. the author acknowledges that \"too much money\" was created by the federal reserve, a government agency, yet disingenuously blames capitalism for our current woes. thus, as the author originally correctly pointed out, this crisis was manufactured by governments who sought dazzling, short-term growth at the expense of long-term sustainability. the current crisis is a failure of governments\' wishful thinking, not a failure of capitalism.

Joseph K.
new york
2008-12-20 02:12:54

I think we can talk about capitalism without bringing Kafka into it. Anyway, neo-liberalism as we know it is probably over. not capitalism though. it's always existed, except perhaps at the dawn of humanity, it will continue to exist. markets are older and more ingrained than we think. More interesting questions would be, is this the beginning of the end for socialism? When finance minister of a Maoist government goes alms begging in the headquarters of IMF, for another installment of loans, one has to look both left and right.

kunjan
ny
2008-12-20 02:12:11

this article was written by an ignoramus. the author acknowledges that \"too much money\" was created by the federal reserve, a government agency, yet disingenuously blames capitalism for our current woes. thus, as the author originally correctly pointed out, this crisis was manufactured by governments who sought dazzling, short-term growth at the expense of long-term sustainability. the current crisis is a failure of governments\' wishful thinking, not a failure of capitalism.

Joseph K.

2008-12-02 08:12:44