Turbo-Charged Capitalism and Its Consequences
Edward Luttwak, 2 November 1995
“... lend on future earnings, rather than assets in hand, is true and especially important in allowing young people to start new businesses. But what ‘flexibility’ amounts to as far as employed labour is concerned is that every year millions of Americans bereft of supporting families (forget the generous cousins that unemployed Andalusians and Greeks can still ... ”