Friday, September 12, 2008
"There are no capitalists left"
Anatole Kaletsky describes the West's loss of faith in market economics, as demonstrated most pointedly in the nationalisation, with barely a whimper, of Fannie Mae and Freddie Mac in the United States. While I'd perhaps quibble with Kaletsky's description of the Great Steel Protector as "the most capitalist" President the country has seen, I think it's quite fair to describe the US as "the most capitalist economy"; and there's no senior political voice in the States opposing this move. Where, as Kaletsky asks, did all the capitalists go?