Wednesday, October 03, 2012

Quote of the Day

Some socialism provides confidence to capitalist markets. Employers who know their help is covered by healthcare, especially if they don't pay for it directly out of their own bottom line, gain confidence.

...Public education providing skilled workers instills confidence in employers and job creators.
...Safe streets with good cops instill confidence in investors and business owners.
...Excellent roads and bridges and transport infrastructure instill confidence in the market as a whole.

Until the 19th Century capitalists figure out that, in a world of billions of consumers, not millions, their arcane models are no longer viable, we will suffer the slings and arrows of outrageous fortune. 

-- "jep07,"  replying to the TPM story about Wall Street's take on the presidential election.

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