Can American capitalism survive? / Problem field / Home
Can capitalism survive? No. I don't think so. Joseph Schumpeter, 1942 The history of American capitalism, among other things, is a love-hate relationship. We go through cycles of self-praise, self-loathing, and self-correction. However, the timing of the beginning of the last period of self-loathing and the beginning of correction of one's own shortcomings is not yet clear. Did it start with the collapse of Lehman Brothers? Or when General Motors applied for federal subsidies?