Streams

The Road from Ruin

Monday, March 29, 2010

Author Matthew Bishop, New York bureau chief of The Economist, discusses his new book, The Road from Ruin: How to Revive Capitalism and Put America Back on Top. The book is co-authored by Michael Green.

Event: Matthew will sit on a panel on our financial direction alongside Andrew Ross Sorkin and John Cassidy on Wednesday, March 31, at 6:30pm at 92YTribeca. Details here.

Guests:

Matthew Bishop

Comments [6]

a. g. from hudson county nj

yeah, lets make monopoly a required subject for kindergarten and pledge allegiance to bernie,"he who madeoff". will we ever get it!

Mar. 29 2010 11:32 AM
Jgarbuz from Queens, NY

Capitalism is a game, and games do need some rules that everyone understands and agrees to play by. The opposite of capitalism is slavery, where the master makes all the rules, and the slaves have no options. The balance between all out capitalism and all out slavery is what the whole struggle of civilization has been about for the last 5,000 years.

Mar. 29 2010 11:26 AM
a. g. from hudson county nj

sounds like he advocates for a "kinder gentler"
flat earth socity. where in the world is there a provision for addressing the vast social and and political inequities. or does that even matter in his world?

Mar. 29 2010 11:21 AM
Jay

The author is confused. You can't manage capitalism. Capitalism is a self sustaining dynamic system. The problem is that we tried to regulate capitalism, that lead to a false sense of security. The economy has to go through busts and depressions so that we have a better understanding of risk.

If that had happenned then we would not have had Barney Frank, Maxine Waters trying to force Fannie and Freddie to underwrite mortgages of bad credits. We would not have had the community reinvestment act. These things lead to our crisis.

Secondly because we over-regulate businesses they have to move to places with less regulation where they play a game of regulatory and labor arbitrage.

We also have an education system that is government run. This prevents flexibility so that schools can't fire bad teachers and can't change curriculum to meet the market needs.

Mar. 29 2010 11:20 AM
asdf

Comment/relevant?
(Angel investors and startups get throttled by dodd banking bill)

http://www.avc.com/a_vc/2010/03/startups-get-hit-by-shrapnel-in-the-banking-bill.html

Mar. 29 2010 10:08 AM
superf88

Local Incubators. Volunteerism. Pride in craftsmanship...

Mar. 29 2010 09:50 AM

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