Hacker News new | ask | show | jobs
by jbooth 3786 days ago
Yes, but it's also a huge indictment of "free market proponents" who tend to oppose any regulation, as it implies the need for muscular regulation of the market.

In American political terms, calling it an indictment of 'capitalism' is a little imprecise but not really wrong.

1 comments

It's a bit hyperbolic to call it a huge indictment. Or in fact, an indictment at all. It's more like a mildly divergent opinion.
I'd agree and call it a mildly divergent opinion. The banks being regulated or the Republican primary candidates would call it outright communism. Depends on the yardstick, I guess.
The truth is always somewhere between the marketing and the haters