Saturday, January 2, 2010

capitalism as a fiend.

"On the last day of 2009, that awful year, I was listening to a report on National Public Radio (yes, I’m a listener). Reporter Tamara Keith presented a by-now-familiar recap of the worst financial and corporate scandals of the decade, from Enron and Martha Stewart to Tyco and Bernie Madoff. It was a depressing slog of greed, venality, and theft. When the report was over,Morning Edition host Steve Inskeep summarized the report with a tart: “The decade in capitalism.”

I don’t want to single out Inskeep, since he was doing what pretty much the entire media establishment has done, particularly of late: reducing “capitalism” to its alleged sins.

And that’s the point. There are few areas of life where a thing responsible for so much good gets so little credit for it."

http://article.nationalreview.com/?q=NGJkZDM1MDE1NDhkNWFlYzVjOTM0MDY0OTM2N2RkNjA=

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