Maybe what’s practiced in the USA isn’t capitalism at all. It seems to be a toxic admixture of capitalism for the poor, who are ruthlessly whittled down, in brutal Darwinian contests; and socialism for the rich, for whom there appears to be no limit to bailouts, subsidies, and privileges. It’s a lethal cocktail of cronyism for the powerful; and endless struggle for the powerless. It’s neither fish nor fowl; but a chimera.

Umair Haque, HBR

I don’t know very many people who would actually disagree with this; they mostly disagree on our current situation’s relationship to ideal capitalism: some say what we have now is the natural outgrowth, the inevitable conclusion, while other say that it is a corruption of the source. 


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