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The justification of capitalism has always been that it directs capital to those best able to use it.
Health care reform may quash pseudo-innovations, but that simply directs capital and creativity away from technologies that don't improve outcomes or lower costs and toward ones that do.
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The rate at which Ms. Reno directed capital prosecution when the prosecutors had not sought it was 14percentt, compared with 39percentt for Mr. Ashcroft, according to the project's data.
Such growth would be fine if financialization really delivered on its promises — if financial firms made money by directing capital to its most productive uses, by developing innovative ways to spread and reduce risk.
But Mr. Corzine contends that his expertise in directing capital to spur development will help him thrive as a senator, allowing him to manage the government's finances better and offer poor Americans an array of social programs.
But Mr. Corzine maintains that the ads are technically accurate and that their message is that he learned to direct capital to areas where it can spur economic development.
Zombie banks continued to direct capital to zombie firms.
Regulation of banks, life insurance companies and pension funds limits these mainstream institutions' capacity to direct capital to riskier borrowers.
For decades Rueff fought a losing battle against the disciples of John Maynard Keynes, who thought governments could virtually eliminate the ups and downs of free markets, and those (particularly in France) who believed that government must direct capital to "strategic" and "emerging" industries.
Today, we are experiencing the results of an extreme failure on the part of the financial system to direct capital appropriately.
It does little to direct capital to new entrepreneurs, reinforcing the need for urgent solutions to the challenge of investing at the earliest stages of a company's development.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com