Quantcast
Channel: Magnifico
Viewing all articles
Browse latest Browse all 684

America's "real capitalism" vs. Argentina's "crony capitalism"

$
0
0

I rcecall that last month Rep. Paul Ryan made an astute observation of American capitalism in the Milwaukee Journal Sentinel, December 19, 2013:

Ryan, who is Catholic, was asked about Pope Francis' recent sharp critique of capitalism. Ryan stood up for the free enterprise system as a way of alleviating poverty as well as being consistent with Catholic teaching...

"The guy is from Argentina, they haven't had real capitalism in Argentina," Ryan said. "They have crony capitalism in Argentina. They don't have a true free enterprise system."

One month later, the headlines really prove Rep. Ryan's point.

Viewing all articles
Browse latest Browse all 684

Trending Articles