The New Capitalism
By Michael Boyajian
The banks in the United States have stopped lending money. This leads one to ask what then is their purpose, to operate ATM machines? What this actually signals is the end of the economic system known as private enterprise capitalism. Government must step in, not entirely but in many instances, to fill the void left behind by banks. The government must start to offer low interest short term loans to small businesses, loans for homeowners and even loans for people to start a business to name but a few products abandoned by the banks.