Deep down I am at a loss: should we permit Big Government the opportunity to correct the recent corruption and failings of capitalism? Or should business leaders stand up and revolt against the short-term and long-term grab by government of the tools of capitalism?
I hate to say it but, at this current developmental stage of capitalism, we need Big Government to 'back stop' many industries at this critical point in our economic history. If government does not help now, I suspect every nation state would succumb to the pressures of pure socialism or at the worst, complete communism.
So, big business should step aside for now and let President-elect Obama and his team do what they feel is best to correct the 'S.S. Capitalism' battleship.
(Note: If you subscribe to WSJ.com, read the opinion piece here.)
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