Re: Three Myths of Capitalism
To sum it up really quick:
First Myth - Being pro-capitalism is being pro-business.
Reality - Capitalism is really about ensuring that business compete against one another. Pro-business policies are often anti-consumer, as they help established businesses and hurt competition.
Second Myth - Capitalism generates an unfair distribution of wealth.
Reality - Capitalism rewards hard work and talent.
Third Myth - Capitalism was responsible for the recent finacial crisis and recession.
Reality - We didn't have unbridaled capitalism prior to the crisis, we had enormous govt. regulation forcing banks to lend to unworthy borrowers. It was the bad policies that caused the financial crisis, not "capitalism."
I agree with him 100%.