Chapter Eight
Constructive Capitalism
APITALISM.” the great John Maynard Keynes once remarked, as he embarked, in the wake of the Great Depression, on the renegade journey that would turn economics upside down, “is not a success. It is not intelligent, it is not beautiful, it is not just, it is not virtuous—and it doesn’t deliver the goods.” But his next sentence was even more perceptive: “But when we wonder what to put in its place, we are extremely perplexed.”1 So here’s my humble suggestion: it’s time to replace it with a better kind of capitalism, that is intelligent, beautiful, just, virtuous—and that does deliver the goods. One built for ...
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