WTF is ‘wild capitalism’? I tell ya’, this Pope is turning into a lib whackjob every month.
If he actually made the statement — it seems from the article that the governor of BA said it. But I can’t tell because the writing is so terrible.
But who was it who said “fight wild capitalism”? Pope Francis or Daniel Scioli? Surely that matters?
max Americana:
Maybe Enron, WorldCom, HealthSouth, The Houston Office of Arthur Andersen looking the other way when auditing Enron because Enron paid significant Fees of various accounting services. Wild Capitalism is people in top levels of Corporations putting their own selfish interest above the good of the Corporation and behaving in Unethical, and in many cases illegal ways to make money and taking entire corporations down destroying thousands of jobs among the ethical folks in said corporations.
Capitalism works when everyone plays by the rules of law and their is no information asymmetry between management, shareholders, bondholders and potential new investors, etc.
Wouldn’t collection plates be fuller in a good economy?