Distinguishing productive capitalism and markets from the parasitic

Good discussion here on the distinction between capitalism and markets which are supportive of growth in the overall economy and those which are parasitical and damaging to economic strength. Here is the direct link.

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4 Responses to Distinguishing productive capitalism and markets from the parasitic

  1. taxpayer says:

    The proposal Spitzer endorses seems sound, but it’s curious that it is said to originate with Richard Grasso. According to Wikipedia, Spitzer sued Grasso over the latter’s excessive compensation in 2004. The amount involved was $140 million, which I suppose seems pretty tiny to these people nowadays. But it was enough that Grasso was able to hire lawyers sufficient to beat the charges.

  2. Robert says:

    Okay, you save the world. Then what? You have just given the statist politicians a blank cheque to start all over again. Wouldn’t property rights, rule of law, individual freedom, and a free market be preferable to binge spending and class warfare?

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