That's why I'm so measured now. When the depression didn't happen in the late '80s, that made me really rethink why it didn't, and I came to appreciate the power of state bailouts. Bailouts are on Henwood's mind right now, as he prepares a series of his recent essays for a possible new book with Verso Press. Henwood is clear about what he thinks are bad economic choices. I actually made quite a lot of money in the crash, but after that I sold all my stocks.
Ethical investment is just like military justice.
Through the bond markets, a small number of investors control public policy, and through the stock markets, the same small group exercises control over corporate policy. One might conclude wrongly that you can separate 'virtuous production' out of all this. But you can't. As for the future of capitalism as we know it, Henwood is cautious. He admits we're in a time of unprecedented flux, but isn't about to suggest where this might lead us.