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Why Europe should reject U.S. market capitalism

Saturday, April 29, 2006 | Permalink |

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Extremely interesting article by William Pfaff in the International Herald Tribune, Why Europe should reject U.S. market capitalism. In that, I agree with him.

In the United States, the new model of corporate business has evolved toward a form of crony capitalism, in which business and government interests are often corruptly intermingled, the system resistant to reform because of the financial dependence of both major political parties on contributed money.

This is a system that can only make the rich richer, the poor poorer and the corrupt, “corrupter” (OK, I know it is more corrupt, but that didn’t flow as nicely. :-)

And this is the age old problem that, for as long as you keep on using the same old methods, you can and will only keep on getting the same old results.

What is needed is a radical reform in thinking, with economic and political policies that are none of the current options our brains have been conditioned to accept.

Europe maybe has a better chance of doing so. I’m not sure it will take it, but that isn’t, as far as I see it, the point. This is not America’s problem or Europe’s problem. This is humanity’s problem, but first, you have to get us all onto the same page.

Read the article: Why Europe should reject U.S. market capitalism

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