Wall Street investors in need of a replacement for the former cash cow of mortgage-backed securities (pre-bailout, that is) only had to look as far as a massive, bargain basement-priced stock of used houses obtained through bankruptcy sales coupled with a corresponding, unparalleled increase in prospective renters (aka former homeowners with few options for housing…

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Michel Albert, author of Capitalisme contre Capitalisme, compares the neo-American model of a capitalistic market economy with the Rhenish capitalism of Germany’s social market economy. The neo-American model is based on the ideas of Hayek and Friedman, and the latter, according to Albert, is founded on principles of publicly organized social security. Albert asserts that this model is more equitable, efficient, and less…

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