Cannot bear very much reality."
- T.S. Eliot
03 March, 2012
Capitalism vs. Corporatism, Again
I've expressed my disapproval of the current usage of the term "capitalism" several times before on this blog. My recent perusal of "Project Syndicate" updates led me to this article, which upholds my basic point, but elucidates it in much more economically savvy language than I would have been able to come up with. Capitalism vs. Corporatism. A rather important distinction to be able to make.