Sunday, April 06, 2008

The Financial Crisis in Four Points

Shorter version of The Economist's recent view of the credit crisis:

1. Thieves who get rich deserve the spoils of their thievery.

2. Rich thieves who stumble and drop the money they've stolen should not be punished, because the way they stole the money was innovative.

3. The state should not interfere in the market - unless it's to rescue rich, stumbled thieves.

4. Everyone else can go get stuffed.

And here I thought the American revolutionaries had conquered feudalism when we tossed you greedy Brits out on your petards - how little has changed.

Source

1 Comments:

Blogger yawconne said...

Finacial crisis in four points? That's neat and nicely written.

7:01 PM  

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