Sunday, January 26, 2014

Take Government Money and Run! Capitalist RipOffs which taxpayers pay for.

It’s bizarre that so many people cling to the myth of market marvelousness despite massive evidence of market corruption and inefficiency. People seem to think that each example of corruption or inefficiency is a bad apple who should be punished. But, of course, we don’t do that any more. The people behind these examples are being sued, not indicted. Their corporations may or may not pay up, but no one is going to jail, and no one is being punished. Every single one of the responsible people will walk away with a pocket full of dirty money, and their reputations, if they care about them, will be restored after the obligatory time away from the media spotlight.

http://firedoglake.com/2014/01/26/the-myth-of-efficient-markets/

No comments: