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R i g h t a r d i a

This blog is dedicated to progressive and liberal thought. It also discusses new technology, how technology affects privacy and developments in Russia, China, Eastern Europe and the Middle East. Rightardia fully supports the rights of workers to organize, the feminist movement, and all Americans regardless or ethnicity, sex or gender.It uses humor, satire and parody to expose conservative thought for what it truly is: BS! Rightardia contributes to the DNC, DCCC, DSCC and MoveOn.Org.

Sunday, September 20, 2009

September Quote of the Month

Hyman Minsky:

“Instability is an inherent and inescapable flaw of capitalism.”

Rightardia comment: Hyman Minsky was one of those amazing men who didn't buy into convention and peered into the dark corners of capitalism such as poverty. He predicted the Great Depression could happen again.

"A contrarian amid the conformity of postwar America, an expert in the then-unfashionable subfields of finance and crisis, Minsky was one economist who saw what was coming. He predicted, decades ago, almost exactly the kind of meltdown that recently hammered the global economy."

Source: http://www.boston.com/bostonglobe/ideas/articles/2009/09/13/why_capitalism_fails/?page=1

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