Good Capitalism, Bad Capitalism

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Many people assumed that when the Berlin Wall fell in 1989, “capitalism” had won the ideological cold war and that “communism” had lost. But, while there may be no obvious alternative to capitalism, it takes very different forms in the nearly 200 countries that practice it.

Many people assumed that when the Berlin Wall fell in 1989, “capitalism” had won the ideological cold war and that “communism” had lost. But, while “capitalism” – defined as an economic system built on private ownership of property – clearly has prevailed, there are many differences among the nearly 200 countries that now practice it in some form.

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