Capitalism comes in many forms. U.S. capitalism has best been described as cowboy capitalism or casino capitalism as opposed to the social capitalism that has marked European societies. (I think it is hard to blame the banking crisis of Europe on the governments' commitment to social services for all). Those who benefit from our cowboy, casino economy are the first in line to criticize the demonstrations that final have emerged against our system of unresponsive politics. For a interesting discussion of the reaction to the demonstrations, see Rob Johnson in Alternet.
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10/28/2011
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Love the phrase, "cowboy capitalism."
Just finished an excellent (on demand) movie, "Margin Call" (with the evocative Kevin Spacey)(highy recommended), preceded by my 14-year-old son's aborted conversation on such matters (b/c why talk to a Con Law prof with all those ideas,even facts, even when only rebutting the (unadulterated) benefits of capitalism?)
Walking daily through "Occupy LaSalle Street" (Fed Reserve, Chicago), and cheering them on, while wishing for a clearer message, one that better captivates those with (at-risk) jobs. Thinking the regulated-capitalists, the share-the-wealth/market-incentives-types, need a clearer message and better marketing.
Why is the message of economic equality, coupled with just enough inequality to fuel growth/productivity, such a hard sell, including to those with so little chance of "winning"?
Posted by: Mary Jean Dolan | 10/31/2011 at 10:20 PM