We do not have capitalism. We have a perverted form of capitalism commonly called “socialism”. And lest you think more regulation the answer just ask yourself “why given the myriad rules we have are we having problems. Silly lefties. Its your wack job attempts to regulate everything that have gotten us here.

That said, the people in this video attempt to make a case that they never explore fully in its 20 minutes. Economic bloggers, because they’re outside the restrictions of mainstream media influence, stimulate entrepreneurship which will save our economy? How? I’m hoping the conference this video was made about made more substantive connections between assertions, conclusions, and forecasts.

Capitalism certainly isn’t dead. It’s very much alive, funneling enormous quantities of tax revenues into private offshore accounts.

It’s unregulated capitalism that *should* die, because it’s killing the majority of us who don’t have golden parachutes. We need more antitrust laws back on the books, and strictly enforced. Seat belts didn’t destroy Detroit; chasing nothing but short-term profits did.

Then on the other hand there are many products that are mature, make a good profit, but are at the limit of their business growth. There is no more product to be sold, no more costs to cut. From a Wall Street point of view, these are loser investments. Yet they can turn in a consistent profit year after year. Companies discard good, proven money makers because they make their stock seem boring. It is a shame.

What is the biggest investment lesson in the last year? — diversification. Those boring products and services could have kept many companies out of trouble, if they hadn’t dumped them.