Greenspan, as head of the government central bank Fed, was not acting like a “capitalist.” He was acting like a politician and motivate by political considerations.
Whatever you call him, I submit he was acting just like certain kinds of capitalists. The kind that think all regulation is bad and the markets will just hum along merrily without them.
Hey, he pulled a King Lear, and got what Lear got. A big friggin mess.
parsy, who figures (regrettably) that this particular mess put us over the edge