The Risk of Imagining Capitalism to Be Unfettered

The NYT's Dealbook section ran an interesting column on the "risks of unfettered capitalism" by St. John University Law Professor Jeff Sovern. The piece lists a number of abuses by corporations, including Volkswagen's diesel scandal, Vioxx, and predatory lending. While Sovern is right in arguing for the need to rein in these abuses, it's questionable whether this is an issue of "unfettered" capitalism.

In the case of Volkswagen, they deliberately lied to their customers about the product they...