Capitalist seeds of its own collapse (BARF; but Learn what the Chicoms still think of us.)

Shanghai Daily ^ | January 30, 2010 | Wang Yon

[John Leland 1789]

IN identifying the root cause of the global financial crisis, one ought to heed the hymn of caution of renowned economist John Kenneth Galbraith (1908-2006), who contended that financial collapse was built into the capitalist way of business and life.

Galbraith taught at Harvard and Princeton universities and wrote more than 40 books. "A Short History of Financial Euphoria" published by Penguin in 1994 remains today a quick and clear guide to how capitalism functions, or rather dysfunctions.

"Recurrent descent into insanity is not a wholly attractive feature of capitalism," Galbraith wrote. "The circumstances that induce the recurrent lapses into financial dementia have not changed in any truly operative fashion since the Tulipomania of 1636-1637."

Excerpt: Read more at: http://www.shanghaidaily.com/article/?id=427339&type=Opinion

[John Leland 1789]

“Studying history helps people to identify these delusions and avoid becoming a victim.”

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Yes, correct.

This is why history and geography has been replaced by “social studies” in the schools. Keep the citizenry ignorant of history.

[Boucheau]

“When it came to her own lusts, she did not respect other’s contracts.

She actively worked to have others violate their contracts.

When it came to the fabric of society i.e. contract law
She placed herself above the law.”

You do not know what you are talking about. You do not have all of the information.

Not that you would do anything wise with it anyway.