Does Capitalism Have a Future?
In view the current financial crisis, it is fair to ask whether the benefits of capitalism, if any, exceed the costs. For anyone who values innovation and shuns dull, tedious, or onerous work in favor of stimulating, engaging, and mind-expanding work, the answer remains yes.
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NEW YORK – As 2008 came to a close, many Europeans began to speak about the end of capitalism. They forget that capitalism in Europe had already once given way – often violently – to statism and corporatism in the 1930’s, to be revived in only a handful of countries in the 1980’s.