As the Limeys would say, "such a capital idea". The subtitle of this endeavor is an allusion to the fact that Capitalism has no theory of distribution, only one of acquisition: winner takes all. As Marx wrote more than 100 years ago, such a state of affairs cannot sustain. I have written a few times, somewhat less famously, as have BOKO, especially his series on Zombie Capitalism.
Now, the Mainstream Media, in the form of my beloved NY Times (even though they can't manage to deliver it with anything like regularity) has written that entire countries have figured out that Capitalism, the unfettered, virulent variety, is a problem.
My favorite quote:
"The world has learned about the perils of free market finance -- global financial liberalization just does not work as advertised," said Dani Rodrik, a political economy professor at the John F. Kennedy School of Government at Harvard. "Just as John Maynard Keynes said in 1945 -- capital controls are now orthodox."
I commend both BOKO and the Times to y'all.
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