Politics in Capitalism 4.0
The forms of government let fools contest Whate’er is best administered is best.
POLITICS HAS BEEN TRANSFORMED by the financial crisis in ways that seem contradictory but in fact are mutually reinforcing. After the bank bailouts and the U.S. government’s takeover of General Motors, conservative ideologues could no longer present freer markets and less government as plausible answers to every challenge facing a capitalist society. Longer and deeper reflection on the crisis pointed to another even more disturbing conclusion for advocates of unrestricted private enterprise. The rigorously free-market model of capitalism introduced in the 1980s by Margaret Thatcher and Ronald Reagan ...