Saturday, January 24, 2009

Was it OK to lose the Dodo bird?

Tom Petruno of the L.A. Times lays out some of the current facts of life.

Any capitalist nation must be willing to embrace some level of economic Darwinism: the notion that the fittest survive while the less robust fall away.

But what America is living through now is a drastic and high-speed wave of Darwinism that reaches every corner of the economy and financial system.

We're on failure overload -- which is why this all feels so frightening and why markets remain in disarray.

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