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The Capitalist Manifesto: Greed Is Good

 

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We are in the midst of a vast crisis, and there is enough blame to go around and many fixes to make, from the international system to national governments to private firms. But at heart, there needs to be a deeper fix within all of us, a simple gut check. If it doesn't feel right, we shouldn't be doing it. That's not going to restore growth or mend globalization or save capitalism, but it might be a small start to sanity.

© 2009

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Member Comments

  • Posted By: srahman @ 09/20/2009 8:11:43 AM

    There are too many factual errors or presupposition in this article. Poor result by Left leaning parties in Indian election being one. The Left parties (particularly in West Bengal) lost their majority not because of their anti-liberalization stand. It is rather in contrary to your argument, specifically, for their pro-market stance regards of giving up agricultural land to TATA and others for auto-industry and so forth. There is no doubt that capitalism is the most well practiced economic system around the world, but you have done a very sloppy job in regards of figuring out the reasons of very nature of crisis prone capitalism. It is not mere individual greed or some disjointed economic policies bring crisis, it is rather more well orchestrated strategy geared towards capital accumulation by few at the cost of many. In a nutshell, as David Harvey argues, the whole circus of capitalism seeks running with this mantra "accumulation by dispossession."

  • Posted By: Bolshie @ 07/30/2009 2:44:12 AM

    http://wsws.org/articles/2009/jul2009/zaka-j04.shtml
    A cutting resonse to Mr Zakaria's hand-wringing apology

  • Posted By: kwarlord @ 07/26/2009 10:08:00 PM

    why choose a side? You do realize that America isn't a pure capitalist society and nothing is ever "black or white" but simply "shades of grey". What we have is an outdated system, created in the 18th century and hasn't changed much since the 21st. What is really needed is a blending of several economic structures, with the majority of the system founded in a free market society (a.k.a. Capitalism)

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