“The financial crisis is not the crisis of capitalism.Â It is the crisis of a system that has distanced itself from the most fundamental values of capitalism, which betrayed the spirit of capitalism.” â€“ Nicolas Sarkozy
Two excellent articles on the future of capitalism:
A Capitalist Manifesto, Judy Shelton for The Wall Street Journal
What are the basic principles that we can forge together toward this “true capitalism” [â€¦], this market economy that utilizes the power of genuine competition to serve the needs of individual producers and consumers? It is a capitalism that accords primacy to the entrepreneur — that compensates hard work, innovative solutions, stalwart commitment and personal discipline. The values that define the character of individuals should find expression in the policies that underpin the legitimacy of governments. Honest capitalism requires the followingâ€¦
Traditional Capitalist Values, Eliezer Yudkowsky for Overcoming Bias
Making money is a virtuous endeavor, despite all the lies that have been told about it, and should properly be found in the company of other virtues.Â Those who set out to make money should not think of themselves as fallen, but should rather conduct themselves with honor, pride, and self-respect, as part of the grand pageantry of human civilization rising up from the dirt, and continuing forward into the future.