Overselling capitalism

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predicament facing consumer capitalism triumphant: The "Protestant ethos" of hard work and deferred gratification has been replaced by an infantilist ethos of easy credit and impulsive consumption that puts democracy and the market system at risk.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
Tags Help
Subjects: U.S., Business
Topics: U.S. Economy
Editorial Help
Posted by: Posted by Kaizar Campwala - Apr 4, 2007 - 9:26 AM PDT
Edit Lock: This story can be edited

Reviews

Show All | Notes | Comments | Quotes | Links
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.

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."

See Full Review » (13 answers)

Comments on this story Help (BETA)

NT Rating | My Rating

Ratings

3.6

Good
from 4 reviews (40% confidence)
Quality
3.5
Facts
2.5
Fairness
3.0
Information
2.5
Sourcing
3.0
Style
4.0
Accuracy
5.0
Balance
3.0
Context
4.0
Popularity
4.0
Recommendation
3.8
Credibility
4.5
# Reviews
2.0
# Views
5.0
# Likes
1.0
# Emails
1.0
More
How our ratings work »
(See these related stories.)

Links Help

No links yet. Please review this story to add some!