Wed, 29 Oct 2008

O'Reily repeats the common foolishness

Sigh. Tim O'Reilly says:

The financial crisis we face today is a damning indictment of a philosophy that insists that the market is always right, that government only gets in the way, and that unfettered capitalism is the best system.
I say Sarbanes-Oxley and wonder how he (and many other people) can say that capitalism is unfettered.

Yes, I know that Tim is just repeating the common wisdom, but I expect uncommon wisdom from Tim.

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