Gandhi was asked by a British journalist what he thought of Western civilization. “I think it would be a good idea,” he replied.

http://www.mkgandhi.org/articles/abusing_gandhi.htm


Capitalism is one of the few systems that has been proven to create wealth...it just does a lousy job distributing it when it goes completely unchecked. In those instances profits are privatized and risk is socialized. The Bear Stearns moment in U.S. finance capitalism is one such example. The Fed opening up the discount window to investment banks and essentially bailing out Bear Stearns by backing up JP Morgan was and still is egregious. Might as well put a hammer and sickle in the corner of the U.S. flag. Subsidies to agribusiness is another example. If the market was free there wouldn't be a need for subsidies or Bear Stearns would have been left to collapse. Just as people complain about the social welfare state they ought to remember that corporate welfare is part of it.