FTA: "What's missing is how ["responsible capitalism"] translates into practical governance, for instance in regulation, taxation and the allocation of sparse resources. As a result, many bankers, among the notorious "1%" of the richest and most powerful, continue to rule very much OK – for now. But an awareness is growing across the political spectrum, and on both sides of the Atlantic, that a radical recalibration of capitalism is essential, not least because the wealthiest and least productive are in danger of allowing their own avarice to sabotage the very system on which they have become so hideously bloated."


It's interesting how the article quotes Robert Reich extensively but it somehow radically less legible than Reich's own writing. I wholeheartedly recommend his book Outrage.

posted by eks: 2263 days ago