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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Everything You Need to Know About Wall Street, in One Brief Tale
http://www.rollingstone.com/politics/blogs/taibblog/everything-you-need-to-know-about-wall-street-in-one-brief-tale-20120113#ixzz1jNIt1JEy
Want to give away 30% of your wealth to save the world?
http://www.zerohedge.com/news/muddle-through-has-failed-bcg-says-there-may-be-only-painful-ways-out-crisis
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.
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?