Capitalism

The Friedman Doctrine Revisited

Milton Friedman’s infamous “profits only” manifesto turned 50 this fall. It’s time to bury it.

By Jonathan Soros

The Pandemic and Capitalism

Will we learn from this crisis that our present precarity capitalism must be brought to an end?

By James K. Galbraith

A Tale of Two Capitalisms

Will capitalism survive today’s extremes of inequality? And if so, which capitalism will it be?

By Arthur Goldhammer

Democratic Capitalism's Future

Until the late 1970s, a rough balance of power existed between democracy and capitalism. Can today’s capitalists be more like yesterday’s?

By Didi Kuo

Yes, Government Creates Wealth

Economics has never accepted the idea that the public sector creates wealth. But it does—and acknowledging that can lead to sweeping change.

By Mariana Mazzucato