Friday, October 10, 2008

Capitalism/financial crisis Case study in the news

Read this article about Iceland. I don't even have to comment, because if you have been reading my tutorials you will immediately spot how this is an ideal case study to observe when capitalism derailed, when they went from "making a good living" to "making a killing," and ended up killing their own pseudo-capitalism, which had been thriving and growing via technology advances and investment in the subsistence side, but then was infected by high risk "surplus" greed.