WHAT WE CALL CAPITALISM ISN’T NEW — BUT ITS ROTTEN ENDGAME NEVER CHANGES

What is capitalism -- and what comes next?

This afternoon, we talked to Sven Beckert, the Laird Bell Professor of History at Harvard University and an expert on the history of the economic systems that drive our world, about his new book, Capitalism: A Global History, a large-scale attempt to tell the story of the last millennium of economic evolution, from the beginnings of international trade among the merchants at the port of Aden, in what is now Yemen, in 1150, to a garment factory i…

WHAT WE CALL CAPITALISM ISN’T NEW — BUT ITS ROTTEN ENDGAME NEVER CHANGES

For more than two centuries, whenever anyone has attempted to define “capitalism,” they’ve usually ended up describing their own wish list. Capitalists imagine dynamism, innovation, and the masculine thrum of productive investment. Critics picture coal...