Jeremy Siegel on Socialism, Capitalism, and Why It's Different This Time
Capitalism, some said, was dead. And they were right, at least temporarily.
But compared with other busts, we've been lucky. After past global financial crises, economies clung to socialism as a new way forward, dramatically limiting the ensuing recovery. We're not seeing that today. Despite handwringing and rhetoric, global economies still embrace capitalism. That's an overlooked fact that bodes well for our future, as Wharton professor Jeremy Siegel told me during our recent chat . Have a look:
What do you think? Share your thoughts in the comments section below.
If you're looking for a financial company that didn't get bailed out by the government, you may be interested in a small bank that has some of the best operational numbers around. Read about it in our brand-new free report: "The Stocks Only the Smartest Investors Are Buying." I invite you to take a free copy. Just click here to find out the name of the bank that would pique even Buffett's interest if he could still invest in small banks.
At the time this article was published Fool contributorMorgan Houseldoesn't own shares in any of the companies mentioned in this article. Follow him on Twitter @TMFHousel.The Motley Fool owns shares of Citigroup and JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.