Faces of economic death

posted by
December 27, 2010
In These Times
by David Sirota  
Posted in Commentary, PND Commentary

"The gecko and Flo do not embody the capitalist vision of private competition fostering innovations that serve the greater good. They are not, say, two private manufacturers grabbing for customers in an entrepreneurial competition that will result in major technological advances. Instead, the gecko and Flo front an insurance and related banking sector that is a government-supported endeavor: car and health insurance are mandated and/or subsidized by the state, and deposits are federally guaranteed ... and that’s why the gecko and Flo are so deeply disturbing." (12/25/10)


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