What American Capitalism Has Become

The credit crisis and housing bubble are all collateral damage caused by a flaw in America’s economic system, according to blogger Chris Klein. Our economics have become Wreckonomics.

(PRWEB) March 3, 2008 — First it was the impending housing bubble. Journalists, bloggers, economists and a host of other “housing party watchers” were sounding the alarm as early as 2003. No one listened. Then came the subprime crisis. The same thing happened.

Now this problem has spread like a 20-car pile up on America’s economic highway, and it’s threatening to jump the median into the global economy. America’s economic wreck is long overdue, according to Wreckonomics, a blog dedicated to “rubbernecking the wreck” that is American capitalism, according to its author, Chris Klein. (http://wreconomics.blogspot.com)