Hacker News Reader

Unfortunately, this is the beauty and the beast of a capitalistic economy. One the one hand, you have incredible opportunity to achieve success. While on the other, you end up with a concentration of wealth and power to a small group of individuals or corporations.

View on HN

Every industry in the US is highly regulated. The worsening economy has correlated with more regulations and bigger government. I don't think this is a coincidence. It is the decrease in capitalism due to an expansion of government that is creating our present problems. Capitalism is not the problem. Government is.

Don't forget about the bailouts. The wealth conentration in the finance industry would be much lower without the government bailout of AIG and others.

Reply on news.ycombinator.com