Tuesday, March 31, 2009

Crony capitalism, croniest capitalism

I read this article over the weekend, and it is very illuminating, one of the best reflections on the structural problems we face in the ongoing financial crisis. The lack of obvious solutions to the problem of oligarchic capitalism suggests to me that the west is headed in a direction that Latin American societies have known for a long time. The rich grow richer, the poor, poorer.

No comments:

Post a Comment