In Defense of Capitalism

Capitalism has taken a beating the past few years.  From the mortgage crisis to Bernie Madoff’s ponzi scheme, from a falling stock market to rising unemployment, capitalism does not seems like the best economic system at present.  In fact, Michael Moore even made a movie satirically titled Capitalism: A Love Story. Yet now is not…

Capitalism on the ropes?

The S&P 500 is down 41% compared to last year.  The unemployment rate in the U.S. is now at 6.7%.  Large financial institutions are failing and droves of homeowners are defaulting on their mortgages.  Is it time to give up on capitalism? Before we hand over the keys to the economy to President-elect Barack Obama, we should…