In Defense Of Capitalism

The Economist this week has a good analysis on the future of capitalism. Yes, we’re amidst a crisis, and yes, things went out of control, but in building any sustainable complex system, there will always need to be rounds of debugging involved. Overall, I’m still in favor, as the Economist is as well, of Capitalism. This crisis, I view as a debugging process, which will take out a bunch of the broken code in the system, and in the long run, the world economic system will emerge stronger as a result.

What I still cannot stomach, however, is Obama’s anti-business, anti-free trade, anti-globalization, big government, unlimited spending policies. It is clear that Obama has never managed a P&L. That is scary.

It is disappointing that the American political system does not provide opportunities for experienced executives to run the country. Black messiah, war hero, or Hockey mom, these people have no credibility for running a business. And whether you like it or not, as someone quoted (also in the Economist this week), the Business of America is Business.

Obama will, in all likelihood, win the election on Nov 4. I hope capitalism will not undergo a major set-back in the process.