US capitalism — fettered by zombies…managed by incompetents… regulated by bureaucrats — no longer makes people rich. It has cut the real hourly wage of a non-high school grad by 47% over the last 32 years. No wonder Americans don’t like it."How a Deficit in Capitalism Helped Engender the Financial Crisis." By Bill Bonner, The Daily Reckoning, 1/20/12.
In the emerging world, on the other hand, real wages double every ten years or so. They like capitalism. They want to practice it.
January 21, 2012
Capitalism or "capitalism"?
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