Monday, March 9, 2009

seeds of destruction

Brilliant piece by Martin Wolf in the Financial Times:

Seeds of Its Own Destruction

Hard to find a better pithy account of what's happened to global capitalism, from one of those who knows it best. Note also that Wolf is on the 'liberal' (ie pro-market) end of the political scale, so his criticisms of free market dogma as applied to finance have a particular potency.