“Capital is a Coward”

“Capital is a Coward”

A favorite quote of Thomas Friedman (2006) is, “capital is a coward, not loyal and not patriotic.” It’s a favorite of mine because it is a context setter. The quote is from a book Friedman authored titled, “Thank You for Being Late, An Optomist’s Guide for Thriving in the Age of Accelerations.” Why this is an important context setter will be evident in a moment.

From roughly 2000 to 2008 Arizona experienced a boom, like many other states there was an environment of, as Alan Greenspan …

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