For Business, Against Capitalism
By Arnold Kling
I get the distinct sense from the transcript that [President Obama is] a bit miffed by the accusations that he’s anti-business. He emphasizes (possibly even exaggerates) the “great political expense” with which he bailed out the banks.
Bailing out the banks may be pro-business. However, it is anti-capitalist. In a capitalist system, it is as important that businesses be allowed to fail as it is for them to be allowed to succeed.