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I hear people crying for limiting capitalism, due to greed and corrupt behavior in big corporations in these times of global financial crisis.

I think people are making a big mistaking in not realizing that capitalism is not corruption (in fact corruption really flourishes in non-capitalist systems, because there are no legal way to directly act to better your life, so corrupt economic systems emerge),  any power can be abused no-matter which political system you live in.

The AIG management is not behaving like capitalists, they are just trying to abuse the power they have had in their position, and get as much cash out and and get out before the house comes down. If they and the company were true capitalists they would have a part in the up-side of the company making money, and share in those profits (and handsomely at that), and perhaps even fund the company in these times.

And if they were true capitalists, they would not take government financial aid in the first place…

I agree with those saying that we can not have capitalism on the up-side of and socialism on the down-side, the current period is a cleansing of many bad companies and bad business practises (and sadly some good business go with it). But the US government (and other western governments) have had a big part in making the current financial crisis a happen, and they too need to step in be part of solving it (as they do, I am not sure they are making the right choices for the long run though).

With everything going on in the world’s financial crisis. And with me in the midst of going to Silicon Valley to build my next venture, the only thing that worries my really is the big government “rescue-packages” that many countries are too busy doing.

I am fairly certain that some of these bail-out efforts are necessary, but most are just either making it worse or building up for a major financial crisis in the future (in bigger proportions than we are seeing today), or being a real-world version of Ayn Rands Atlas Shrugged.

Jay at Growthink wrote a good blog-post, about letting America’s Entrepreneurs “breathe again”, this is something that Europe should pick, up, so Entrepreneurs, write your politicians and share your thoughts, I am going to write the one’s I voted for.