Capitalism for us and them

Nobel laureate Joseph Stiglitz has an article in Vanity Fair, titled "Wall Street's Toxic Message," about the double standards of the US on free market principles with regard to the current global crisis and the earlier east Asian crisis of a decade ago. (reference via the peerless 3 Quarks Daily). As the article illustrates, what's sauce for the goose is clearly not sauce for the gander.

Here is an earlier post of mine, "Double standards in the coverage of the global capitalism crisis", which address some similar themes.