My conversation with Gretchen Morgenson. Powered by Podbean.com
"To discover to the world something which deeply concerns it, and of which it was previously ignorant; to prove to it that it had been mistaken on some vital point of temporal or spiritual interest, is as important a service as a human being can render to his fellow creatures..." John Stuart Mill, "On Liberty"
Wednesday, September 9, 2009
Capitalims 101
Capitalism is, to paraphrase Winston Churchill, a bad system, expect for all the rest. It's taken a beating lately, but in spite of the recent excesses and the coming onslaught by Michael Moore, its ideas are tightly woven into our identity as Americans. Today, as the triumphs and failures of free market capitalism and globalization continue to hold sway over the daily news and our daily lives, Gretchen Morgenson, a leading business journalist at the The New York Times, argues in her new book,The Capitalist's Bible: The Essential Guide to Free Markets--and Why They Matter to You, that it's more important now than ever to understand how our economy works.