Quote of the Day: Wall Street and the Decline of Capitalism

| Thu Dec. 20, 2012 2:54 PM EST

From Felix Salmon, on the low market valuation of stock exchanges:

Think of it as one of the few areas of the financial-services sector where capitalism works as advertised.

Yep. Read the whole post for more. I've been meaning to write a little essay about exactly this subject, and maybe this is the push I need. Maybe.