“The unprecedented, improbable and indeed almost unimaginable global financial crisis has virtually put an end to the comfortable notion that American and Western capitalism would dominate the world economy.”
This would be a true statement if we lived in a capitalistic, free-market system.
We don’t. Not since 1913 when the “Federal Reserve Act” implemented a central bank in America, much against the warnings of our Founding Fathers.
It has been their monetary manipulation — to favor the profit of the banksters — that has crippled the free-market system and market-based capitalism.
You gotta wonder what it will take to get an audit of the Fed.