Capitalism, American-style.

I hear economists decry that Congress isn't taking necessary steps to prevent another economic collapse in the U.S. We've really had no new significant regulations since the crisis began 18 months ago. Paul Krugman, an economist and a New York Times columnist, said we need "a sea change in attitudes, a recognition that letting bankers do what they want is a recipe for disaster." Krugman said that Canada weathered the recession much better than the U.S. because Canada had relatively strong regulations in effect from the beginning. Unfortunately, Wall Street and other bankers want continued free rein. And they may get it. Because greedy capitalists control decisions in Washington. Our politicians give 'em what they want. Why shouldn't they? Bankers and big corporate interests finance their campaigns. So the rich keep getting richer. And the poor keep getting poorer. That's the nature of American-style capitalism. --Jim Broede