My dear and self-proclaimed ‘Capitalist/Objectivist’ friend Steve has again challenged my thinking. In a Facebook discussion about the behavior of ‘Wall Street’ and ‘the bankers’ Steve reminded me that “They serve to make money; They don't make money to serve.” True indeed. He later wrote, as a good and honest believer in free-market economics, “Capitalism fails when it is perverted by outside influences.”
Weighty and complex issues. My exchange with Steve made me think of one of the most basic prinicples of our economic system, something called the Invisible Hand. This basically says
Weighty and complex issues. My exchange with Steve made me think of one of the most basic prinicples of our economic system, something called the Invisible Hand. This basically says