The Monsters of American Capitalism | The Smirking Chimp

If this past week presents any single lesson, it’s the social costs of greed. Capitalism is premised on greed but also on guardrails – laws and norms — that prevent greed from becoming so excessive that it threatens the system as a whole.

Yet the guardrails can’t hold when avarice becomes the defining trait of an era, as it is now. Laws and norms are no match for the possibility of raking in billions if you’re sufficiently ruthless and unprincipled.

Source: The Monsters of American Capitalism | The Smirking Chimp