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I was using the phrase to specifically mean the organisations that structurally underpin modern capitalist economies and have now come to represent it. Sorry if
by lotsofmangos 12y ago
I was using the phrase to specifically mean the organisations that structurally underpin modern capitalist economies and have now come to represent it. Sorry if I did not make that clear enough from context.
Now you can argue that what happened was bad economic theory, however the intent behind bailing out the banks was not to steer away from capitalism, but to prop it up, so even if you think it stinks from an economic theory perspective, it was at least intended as capitalist.