In his book A Generation of Sociopaths, Bruce Gibney blames Baby Boomers for pretty much everything that's gone wrong in America. But there are other factors, such as democracy, that are perhaps more to blame.
While it may seem to many that the capitalist provides no benefit to the market, but without Earnhardt Jr. taking on the function of the entrepreneur, there would be no car to drive, no strategy to call, no wrench to turn.
Decades ago, the Chinese state began to accumulate gold merely as part of a makeshift backup plan. But it may have ended up with enough gold to make a real move away from fiat currency, which would be a disaster for its Western competitors.