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...in the USA. The essay is very US-centric, and confuses the economy of the US with capitalism to the point that it's not clear to me which of the points apply

• mathgeek 8y ago
  The article quotes directly that the essay is USA-centric: “...seen capitalism evolve in a way that it is not working well for the majority of Americans...” There are at least a half-dozen other times that it specifies America.
• dragonwriter 8y ago
  > The essay is very US-centric, and confuses the economy of the US with capitalism to the point that it's not clear to me which of the points apply to capitalism, and which are just a critique of the US system. Well, first off, the US system among the most capitalist, if not the most capitalist, of the mixed economies of modern developed countries. Any critique of capitalist relevant at all to the modern world as it exists is naturally going to be especially applicable to the US and often less applicable to most other modern “capitalist” economies which are, by and large, mixed economies with more distance from capitalism than the US. But second, the essay itself explicitly is not about “capitalism” but about the specific manner he has seen “capitalism” evolve to work in America. And, finally, the specific evolutions he points to are all evolutions in the American mixed economy in the direction of capitalism in the narrow sense, that is, toward he behavior of the dominant economic system of developed industrial economies of the late 19th and early 20th centuries against which the broad evolution to the modern mixed economy throughout the developed world throughout the 20th century was a reaction.