Sunday, July 29, 2012

The New System

The new "state" of the Union has been named by others. There are many people who have given it a shot. From idiological concepts to quick protest slogans, there is a line of analysts trying to describe the current state of affairs.

"Collusive Capitalism" is the best description yet. FASB doesn't have rules against it. Automation has overridden the classic notion of controls. We are left with a new system requiring new solutions.