“Prediction is hard, especially about the future,” the saying goes. Certainly, looking ahead 50 years from 1975, economic prophets would have been hard-pressed to foresee the waves of deregulation, ...
Capitalism is the beating heart of the American experiment. It built railroads, birthed Silicon Valley, and created the world’s most powerful economy. Yet it has also fueled inequality, political ...
Can capitalism survive? No. I do not think it can. --Joseph Schumpeter, 1942 WASHINGTON The story of American capitalism is, among other things, a love-hate relationship. We go through cycles of ...