Big Capitalists Forget What Capitalism Is
Bill Gross, manager of the world’s largest group of bond funds does not know what capitalism is. Price supports and price fixing are part of failed Soviet and Chinese central planning. And as China and Russia embrace capitalism, Bill Gross embraces failed central planning.
Hilarious, until I think about what the consequences of this attitude will be over the next few years.
The Big Capitalists Forget What Capitalism Is by David Crossland, except the quotations and unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Share Alike 3.0 Unported License.
February 27, 2008 | Filed Under Personal Thoughts
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