Then, the capitalists lost their money. Big deal. That’s the way it’s supposed to work. Capitalism is inherently dynamic and unstable…full of sturm and drang, boom and bust, creativity and destruction. It’s always prone to blow itself up just when people count on it most.
April 6th, 2009 | Bill Bonner | 2 comments | ContinuedAll Posts Tagged With: "Reagan"
Americans Used Their Economic Freedom to Ruin Themselves
The two great political figures of the last thirty years were Mrs. Thatcher and Mr. Reagan. These titans from the two sides of the Atlantic led the way to a new idea of how the world should work. Thenceforth, capitalism was king. But it was a new kind of capitalism they had crowned, one with a strange, unnatural face. It was not the old free enterprise, king of the jungle, red in tooth and claw.
March 31st, 2008 | Bill Bonner | 27 comments | Continued