Capitalism is an economic system based on the private ownership of industry.
To drastically simplify ;Benign Capitialism is Statist Capitalism. In this model the state plays an intervening role in the markets . Profits are to one degree or another redistributed.
In other words "benign capitalism" is a misnomer for liberal or democratic socialism.
Now it is popular to blame the current financial crisis all on excess greed and unbridled capitalism. That is a misreading of the situation
In my opinion, to no small degree ,it is the manipulation of the markets by the government that has led to the most recent financial crisis.Not under-regulation; but a form of mismanagement of existing laws (including corruption by regulators ,members of Congress that oversee the system and corporate officers ), and a benign government that saw the benefit in affordable housing for everyone ,and created laws and pseudo-government-institutions to address it ,are the primary culprits..
Now they plan to step further into their excrement by picking people's pockets to prop up a flawed system they created.
All hail Benito Paulson the new benign tzar of the American economy!
I have yet to see the "benign "government I could completely trust. That is why we have elections.
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