Free Market capitalism: Robbing the Poor

Dietrich, Jeff
February 2009
Catholic New Times;2/16/2009, p14
The author reflects on the premise that the world is in a class war and the wealthy elite are winning, while the poor of the world, including the poor and the middle class of the U.S., are losing. The author admits his abhorrence to a system based upon greed, hoarding and competitiveness, thus, he hesitates to distinguish good from bad capitalism. He regards good capitalism as the one resulting from the Great Depression and World War II while Milton Friedman's brand of unregulated, rapacious capitalism is bad capitalism.


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