On Tue, Jun 23, 2009 at 12:40 AM, Indrajit Gupta <bonoba...@yahoo.co.in>wrote:
> I would have that by today, nobody remains to subscribe to completely > untrammeled Anglo-American capitalism. It exists in that disastrous form > only in a handful of countries. In those, it has been an unmitigated > disaster. > > If your reference is to the current financial mess, I'd say that it's an artifact more of the 'controlled capitalism' that you refer to than of this 'untrammeled Anglo-American capitalism'. The bulk of the factors that led to the sub-prime crisis have their roots in the controlled-, or even populo-, if I may, capitalism that they seem to now practice in the US, the shrill "See where free markets have got us!" rhetoric in much of the popular media notwithstanding. > Why do you object to controlled capitalism, Scandinavian capitalism? It's > successful, isn't it? > I don't quite so much object to it, as wonder why it is that no examples exist to see if similar or better results cannot be had with, say, Scandinavian liberalism but with a much less socialistic (and hence more efficient?) form of capitalism.I'm inclined to attribute their success (quality of life, etc) more to their cultural liberalism, which few other countries practice, than to their socio-capitalism, which plenty of other countries have in various degrees but with nowhere near as much success. Venkat Inumella
