Schumpeter: The crescent and the company | The Economist

Given that the world experienced the greatest economic disaster since the Great Depression under ‘Free Market Capitalism’ or its imitation, you would think that Capitalist Triumphalism wedded to a definable cultural/religious chauvinism would be out of place. Our Capitalism is best due to specific conditions of greater imagination and institutional inventiveness! Well, we are living in the watershed of that ‘imagination’ and ‘institutional inventiveness’ and the opportunism, the dog eat dog ‘value’ of Capitalism, that knows no loyalty except to profit. What is the human endeavor about: profit or a better life for all humans? A rising tide lifts all boats- hell no! Or is that a question outside the scope of Economics?
Yours,
Democratic Socialist

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About stephenkmacksd

Rootless cosmopolitan,down at heels intellectual;would be writer. 'Polemic is a discourse of conflict, whose effect depends on a delicate balance between the requirements of truth and the enticements of anger, the duty to argue and the zest to inflame. Its rhetoric allows, even enforces, a certain figurative licence. Like epitaphs in Johnson’s adage, it is not under oath.' https://www.lrb.co.uk/v15/n20/perry-anderson/diary
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