Woody Brock: Capitalism is Great, but Our Corrupted, Bastardized, Crony Capitalist System Stinks; It’s Rigged


Woody Brock on the state of our capitalism: There is no justice without the rule of law.  And that rule of law must be applied equally to EVERYONE.  Under true capitalism, no agent has any bargaining power whatsoever. The notion of 4 investment bankers taking a private plane to Washington to make sure that leverage would be tripled in April 2004 in exchange for some nice payments, is outrageous and scandalous and they all should be in jail. Adam Smith wouldn’t roll in his grave; he would gyrate.


h/t: Capitalism Without Failure