Are we ready for Economic Darwinism?

Kannon Fodder:

“…what America is living through now is a drastic and high-speed wave of Darwinism that reaches every corner of the economy and financial system. We’re on failure overload – which is why this all feels so frightening and why markets remain in disarray.  … more failure that the economy must digest, when it’s already choking on the first huge lot of it in this recession.”

Tom Petruno points this out in an op-ed piece in the Baltimore Sun.

Kannon Fodder: Someone’s Hand Caught In The Public Purse

editor’s note: with this post we continue a new feature entitled “Kannon Fodder” in which the Loose Kannon Editorial Board, also known as the Kannoneers, present items we deem worthy of bringing to the attention of both Loose Kannon and you, our valued readers.

This one caught our attention:

In today’s New York Time Editorial page, an Editorial titled “It’s Not Their Money” – here’s an excerpt: “The entire financial industry must be made to understand that the billions it has gotten from the public purse are not a reward for the havoc it wreaked on the financial system and the lives of so many Americans… The banking rescue package was meant to serve the American economy. It’s not the bankers’ money. ”