The Failure of Capitalism

aigThe world is in recession, may soon be leading into depression.

This is a clear sign of the failure of capitalism which has been nurtured since the recovery of the world economic financial world since the great depression.

The US government is bailing out AIG with $170 Billion of tax payers money. AIG in return will be paying out $165 Million in bonuses and is defending the action. What? Are they insane?

That is capitalism. The rich get richer and the poor get poorer. As analysts are saying, the effect of this crisis will create more poverty and maybe war.

There should be a better way of financial recovery than giving away tax payers money to failing company executives.