Wednesday, October 01, 2008

Casino Capitalism

Gambling chipsThis crisis underlines the excesses and uncertainties of a casino capitalism that has only one logic - lining your pockets. It also shows the bankruptcy of "law of the jungle" capitalism that no longer invests in companies and job creation, but instead makes money out of money in a totally uncontrolled way.

-- German lawmaker Martin Schulz, chairman of the Socialists in the EU assembly, September 2008

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