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Perhaps the CEOs of Shell Oil or Citibank are indeed cruel profiteers and super-rich megalomaniacs. Perhaps they really are bad guys. That is not, and cannot be, the basis of a critique of capitalism. Capitalism is neither made nor defended by profiteers and super-rich megalomaniacs alone, nor did …

[...] It is not another shrill denunciation of capitalism. Those books often leave one feeling that capitalism is simply a massive class conspiracy, a monolithic force of evil for which only really nasty, cruel people could be responsible. It is as if capitalism happens to us, imposed by external t…

[...] it is different from titles like An Introduction to Capitalism" or "Economics for Beginners" [...] they can lay out the "how it works" of capitalism as clearly as any Lego instruction manual. But they almost always substitute an account of how capital says the economy works, or ought to work,…

[...] The most fundamental problem with capitalism, and the reason it must be rejected, is that it is structured, in its very operation, to make it impossible for millions and even billions to be free in any meaningful sense. The critique of capitalism has little to do with how well it provides f…