
Savage capitalism is back – and it will not tame itself
Source: The Guardian Unlimited
Capitalists spread prosperity only when threatened by global rivalry, radical movements and the risk of uprisings at homeBack in the 90s, I used to get into arguments with Russian friends about capitalism. This was a time when most young eastern European intellectuals were avidly embracing everything associated with that particular economic system, even as the proletarian masses of their countries remained deeply suspicious. Whenever I’d remark on some criminal excess of the oligarchs and crooked politicians who were privatising their countries into their own pockets, they would simply shrug.