2.27.2017

American Capitalism..

..run wild.

The Art of Don’s Con: What Trump shares with America's best swindlers.
Despite nearly a century of government regulation, we are still living in a world in which caveat emptor remains the rule of law, one that takes a certain pride in its American past. The lesson of Balleisen’s study is that when we trust business people to be honest, and when we trust the market to regulate itself, the market, and the businessperson, will take advantage of our trust. Depending on whom you ask, this trust is either the cornerstone of American innovation or the crumbling foundation of a Constitution that does little to protect its citizens from economic inequality.

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