The Awkward Confluence of Capitalism and Democracy

Ron Wolff: If PG&E believes so strongly in democracy, shouldn’t it let its shareholders vote on whether to support a campaign like this? Don’t hold your breath. If capitalism thrives because it promotes market efficiency, what’s wrong with letting governments operate utilities if they can do it better than private enterprise?

US Political Process Haunted by Paralysis

Obama state of the union

Ron Wolff: “So we’re paralyzed in the face of mass unemployment and out-of-control health care costs…Blame our political culture, a culture that rewards hypocrisy and irresponsibility rather than serious efforts to solve America’s problems…I’m sorry to say this, but the state of the union — not the speech, but the thing itself — isn’t looking very good.”

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