Market failures abound in this sector, and honest assessments recognize their existence.
This analysis may seem pessimistic or cynical to some. It isn’t. It is merely a description of a specific phenomenon: life at the center of the Empire, life in what used to be called “the belly of the beast.”
Capitalism is many things, to many people. “The problem” is not one of them.
When we learn of corruption, why is our impulse to destroy the corrupted, rather than to heal it?