53 percent

“Capitalism without Bankruptcy is like Religion without Hell”

Tue, 10/18/2011 - 11:25am | posted by Jeremy Kolassa

Leave it to Dan Mitchell of the Cato Institute to use a fantastic quote to describe the true state of American “capitalism” (i.e., corporatism) so well:

I wish both the Occupy Wall Street and 53 Percenters would take a look at this and realize that, if they’re both true to their values and not partisan hacks, they really have a lot in common. Two sides of the same coin and all that. Maybe they can meet in the middle and join up with the rest of us.

Also, make sure to read his op-ed back from 2008, where he lays out all the reasons the bailouts were bad, and uses that fantastic line again.