Wednesday, January 25, 2012

Capitalism: Davos


How to Save Capitalism


FABRICE COFFRINI / AFP / GETTY IMAGES
FABRICE COFFRINI / AFP / GETTY IMAGES
A guard stands next to a logo of the World Economic Forum (WEF) at the Congress Center in the Swiss resort of Davos on January 24, 2012.
As the global economic crisis enters its fourth excruciating year, just about everybody who can be blamed for the downturn has been blamed. Irresponsible bankers. Greedy corporate executives. Incompetent regulators. Bickering politicians. Underpaid Chinese workers. Overpaid Greek workers. George W. Bush. Ben Bernanke. Angela Merkel. Credit-rating agencies. The euro. Spendthrift American consumers. After the worst financial disaster since the Great Depression of the 1930s, there has been no shortage of vilification to go around. With another grim year likely ahead and no ready solutions in sight, a new target has arisen in the public’s crosshairs: capitalism itself.

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