As I have written before, capitalism involves four basic principles: absolute responsibility for anything and everything that happens to your company (i.e. total accountability), equal justice under the law, compensation based on the real value created for society, and competition, which involves failure and what is often called creative destruction....
By almost any criteria, the banks operate under rules that are so far from capitalism as to be unrecognizable.Read it at New Deal 2.0
Are Bankers Capitalists?
by Bruce Judson