Monday, January 12, 2009

Pro-Capitalism At Boston College

A young man asked heatedly, and to loud, though somewhat scattered, applause, whether one should view the government bailout
“as an attack on the fundamental principles of capitalism.”
Murphy reassured the questioner that the government would sell off its stake in banks as soon as the economy recovered. “But,” he admitted, “we will see some rethinking of the regulatory structure” to ward off future crises. Calling himself “a little more sympathetic to [the] question,” Strahan voiced concern that under tighter regulations “capitalism may be less dynamic for a while,” and recovery slowed.

Link (here) to the Boston College Magazine article
Capitalism: The Unknown Ideal by Ayn Rand (here)

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