Needs of the Many

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Geithner Says “Capitalism Will Be Different” From Now On

Posted by Casey on March 11, 2009

No Geithner, capitalism will not be different.  Capitalism is capitalism … period, end of story.  It can not change, or be different from what it is.  If our economic system is now going to be different from now on … it will not be capitalism.

Webster’s defines capitalism as:

An economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.

The quote is :45 into the video.

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