Friday, October 10, 2008

End of Capitalism

Lehman's bankruptcy.
Merrill's takeover.
Goldman's and Morgan's conversion from investment banks to commercial banks.
Bail out of AIG, Freddie, Fannie and Bear Stearns.
Relief package for troubled loans.
Takeover of top three Icelandic banks by its government.
Ban on short selling.

Is this the end of Capitalism (greed, greed and more greed)?
Is this the beginning of 'Socialist Capitalism'?
Does it mean India's philosophy of socialism in capitalism was right all along?

No comments: