Need for rebuttal?

November 2024 Forums General discussion Need for rebuttal?

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    http://www.bbc.co.uk/news/business-30378297

    Someone might want to listen in.

    Quote:
    This is something that Mark Blyth, professor of international political economy at Brown University, echoes: "We don't really do capitalism.

    "So to think about banking you can run a business model which is an extortion racket against the taxpayer. If the risks [go wrong] you can't be allowed to fail so you have a brilliant business model. That's not capitalism – that's extortion. I think capitalism is a great idea. It's just that the version we end up with isn't capitalism."

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