Is capitalism broken?

If we are able to see capitalism with one eye and socialism with the other, then when we open both eyes we will see a truer picture of reality: that every economy in the world is a mixture of the two intellectual traditions. When we drive our car on the highway, the market gave us the car and the state gave us the road. We can live in two realities... See more

In this vein, I would describe four predominant categories of world views regarding capitalism: believers, reformers, apostates and prophets. I use religious terminology because our adherence to capitalism is a religion of sorts: the world is built on ideas, and capitalism is one dogma with an enormously outsized influence. We have broadly adhered ... See more