Finance Geek

Does listening to advocates of starkly opposing world views talk past each other as they attempt to vilify or justify wealth exasperate you? Whether it’s Karl Marx or Adam Smith, they each have their sacred texts whose idealization of the human condition often bears little resemblance to the way the world actually works.

One area of contention too rarely examined outside economics journals is the relationship between value creation and value capture. Failure to achieve a sustainable balance between those-who-contribute and those-who-are-rewarded lies at the root of reckonings as diverse as the collapse of the Soviet Union and the recent meltdown on Wall Street.

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This entry was posted on Sunday, May 17th, 2009 at 4:44 pm and is filed under RealClearMarkets. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.