Overselling capitalism

Los Angeles Times by Benjamin R. Barber | Apr. 4, 2007 (Opinion)
Why today's markets are headed for disaster unless there is a shift in focus.

THE CRISIS IN subprime mortgages betrays a deeper predicament facing consumer capitalism triumphant: The "Protestant ethos" of hard work and deferred gratification has been replaced by an infantilist ethos of easy credit and impulsive consumption that puts democracy and the market system at risk.

Capitalism's core virtue is that it marries altruism and self-interest. In producing goods and services that answer real consumer needs, it secures a ... Full Story »

Posted by Kaizar Campwala

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Subjects: U.S., Business
Topics: U.S. Economy
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Posted by: Posted by Kaizar Campwala - Apr 4, 2007 - 9:26 AM PDT
Reviewed by: Kaizar Campwala (review), Angyl Bender (review), Bob McInnis (review), Naomi Isler (review)
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Kaizar Campwala
3.2
 by Kaizar Campwala - Oct. 1, 2008

Thought-provoking opinion piece that lacks the concrete evidence it needs to back up its highly critical claims.

Kaizar posted this story.
See Full Review » (12 answers)
Bob McInnis
3.9
 by Bob McInnis - Oct. 1, 2008

Well written summary of the capitalism contiuum. The best line is "Yet capitalism requires us to "need" all that it produces in order to survive."

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Naomi Isler
4.5
 by Naomi Isler - Oct. 1, 2008
See Full Review » (1 answer)
Angyl Bender
4.0
 by Angyl Bender - Oct. 1, 2008
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