|
There's a lot of mixing in your interpretation of evolution as it applies to biology and economics. It's apples and oranges, or two separate disciplines, whichever you prefer. Government, democracy, regulation, economy, law, justice - what are they if not the manifestation of abstract theory?
Even free market purists - who are at odds with the Obama Administration on most issues - agree that we should have done and continue to what we can to keep our banking system from being nationalized. The Obama Administration does not want to nationalize the banks. If we had applied the principles of evolutionary economics to the banking crisis, most economists believe we'd have a socialized banking system. Instead, we have a 36% stake in Citigroup - there's a big difference there.
|