Bad capitalism.

• Author: Peters, Charles
• Position: TILTING at windmills - Brief article

The good capitalism never worked quite that ideally, but it was a hell of a lot better than what has developed in the last twenty-five years. Today's smart guys devote their talents to making money, period. They create, buy, and sell financial instruments. They don't create companies, they trade in companies. When they buy a company, they do one of two things: they fire workers, claim they've increased efficiency, and unload the company at a big profit; or they milk...