Something For The ‘Capitalism Means Goldman Sachs And Crooked Bankers’ Crowd

The upshot: Bailout Nation ain’t capitalism. It’s more like fascism, or mercantilism, or – as these guys call it – “crony capitalism.”

Free markets mean if you go broke you go into bankruptcy. And if that doesn’t work you go away, and the companies in your industry who didn’t go broke get your market share. Or somebody else enters the market and hopefully doesn’t screw up like you did.

The Occupy Wall Street crowd doesn’t understand this. Mostly because they’ve been horrendously educated by bad teachers, usually in college. Maybe they’ll learn something as they grow up.

The bigger problem is that Democrats in Congress don’t know anything more about economics than the kids crapping on cop cars.



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