capitalism

Beauty and the Beast

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The beauty of Italy is breathtaking. But a beast is devouring this country's spirit.

Today much of the Italian culture finds its outlet in the thousands of wineries that dot the landscape. Some of the world’s great wines are produced here; Borolo, Brunello, Chianti. And Sassacaica; wine from a family that raised horses for a living and made the drink for themselves.

After so many rave reviews they decided to take it public, now connoisseurs call it extraordinary. Their success is a testament to capitalism and private enterprise.

But now it seems Italy has lost its way. Debate rages between the socialist models where government takes care of workers from cradle to grave; and the conservative model, where private enterprise runs the economy.  read more »

Bashing Capitalism for Votes

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I know Americans are as furious as I am that AIG would pay bonuses out of one hand, while the other hand is taking billions from the government. And those who made stupid mistakes should not be rewarded. Any who committed crimes should be prosecuted.

But this Wall Street bashing has gone too far. A lot of pandering politicians find it easier to blame Wall Street for bringing down capitalism, when it is capitalism that will save Wall Street.

First, it was the Obama Administration, its Treasury Secretary Tim Geithner, and democrat Senator Chris Dodd who first approved those bonuses, citing contractual obligations. But after the media showed its bright spotlight on the bonuses, the politicians ran for cover under the shade of a Washington tradition, the blame game.  read more »