Feb
27

Capitalism Gone Awry

By

For 50 years, when capitalism is raised, you have two allowable responses: celebration, cheerleading. Okay, that’s very nice. But that means you have freed that system from all criticism, from all real debate. It can indulge its worst tendencies without fear of exposure and attack. Because when you begin to criticize capitalism, you’re either told that you’re ignorant and don’t understand things, or with more dark implications, you’re somehow disloyal.

Economist Richard Wolff explains to Bill Moyers how capitalism has gone awry: “If we don’t change the system, we’re not going to change the behavior of the people in it … And if we don’t change the system, substituting a new crop will not solve our problem.”


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