Tuesday, September 30, 2008

The End of 'Free-market' Capitalism?

Where is American Capitalism Headed?

Amid the chaos and chatter about this week's financial bailout, one clear theme emerged in some quarters: The era of 'free-market' capitalism is over. But is it, really?

The present trend to nationalize bad debts is being described as 'Socialism for the Rich and the Devil-take-the-Hindmost Capitalism for the Poor'. While the rich will try to maintain their privileges how long will the rest of us put up with such a gross injustice?

People are angry. What next?

American News Project

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