Tuesday, February 10, 2015

Bill Black — Geithner: “The End of Capitalism as We Know It”

Anyone that wants to save “capitalism” must destroy the current corrupt system “we know” that is posing as “capitalism.” To sum it up, there was no greater service that the Obama administration could have done for (real) capitalism than to produce “the end of capitalism as we know it.” Geithner was absolutely right in his diagnosis and absolutely wrong in his response. Wall Street hates “capitalism” – Geithner and Summers acted to save, rather than exorcize, its corrupt doppelgänger.…
New Economic Perspectives
Geithner: “The End of Capitalism as We Know It”
William K. Black | Associate Professor of Economics and Law, UMKC

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