Capitalism, of course. Crisis, certainly not.

People make mistakes with ideas they don’t understand. Capitalism isn’t the system by which everybody makes and keeps their money, and most people losing a lot of money isn’t a crisis of capitalism. Capitalism is just an arrangement where one person gets to hire lots of other people, and sell what is made for more than the makers are paid. The normal question with capitalism is, ‘who gets to keep the profits?’

Far from being a crisis, the recent losses to working Americans were a fantastic success for our financial elites, who in just months gathered extra trillions for themselves, and further entrenched the banking system which will allow them to keep the money.

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