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a plague o both your houses

Bookstaber on regulation and capitalism

Rick Bookstaber is always worth a read, but this time he’s penned a thoughtful piece entitled “Regulation in Defense of Capitalism” that is definitely worth your time. As well as the argument, it’s nice to remember (amidst the disgusting behaviour and greed-laden screw-you attitude of today’s WallSt) the true benefits of capitalism when it’s done well. Bookstaber’s asides in this article are the material of prompt.

It’s tempting to paste the last paragraph by way of a sample but this time I desist, as really you need to see the whole argument building in context of the full post. Go read.

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