Is the collapse of capitalism upon us? Are we facing a moral armageddon in the marketplace? Is every scandal-driven headline another sign of impending apocalypse in the world of business? You could be forgiven for thinking so, if you read enough editorials.
Just look at the opinion pieces carried by major news outlets over the last month. Eduardo Porter editorialized in the NY Times about . The Atlantic carried a piece called The Libor Scandal and Capitalisms Moral Decay, by Pulitzer Prize-winner David Rohde. Even business school professors are down with the effort to convince you that the end is nigh: Bloomberg just recently featured a piece by Prof.