Day January 23, 2008

Amid the mayhem on world financial markets, it is becoming clear that capitalism’s most dangerous enemies are capitalists. No one can have watched the “subprime mortgage” debacle without noticing the absurd contrast between the magnitude of the failure and the…

While corporate earnings rose as much as 40% per year, wage increases for working Americans came to a pittance. Businesses “did not share” and this is a monumental mistake that corporate America is going to regret for decades to come.