Fixing the Impossible
24/7 (202) 973-1300   

Is U.S. Capitalism Dying?

Share on facebook
Share on twitter
Share on linkedin

“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”

Winston Churchill

In the mid-1960s, it was popular to ask, “Is the theater really dead,” so much so that Simon & Garfunkel included the line in the song The Dangling Conversation. A little over 20 years later, Francis Fukuyama published an essay (later a book) postulating if we had reached “The End of History?” I can’t say that I took either warning too seriously at the time, but I do now. It seems so do many others, who wonder if capitalism can survive the technological disruptions (and while fewer worry about the future of theater, there is no shortage of us wondering about the future of entertainment, as it becomes increasingly difficult to distinguish from reality).

Capitalism requires our belief in its ultimate fairness, at least enough so that we believe we have a good chance at succeeding — and that our children can do even better. Like democracy, capitalism is ultimately voluntary. I worry now that fewer and fewer of us are going to volunteer.
Please join Jason Grumet, founder and president of the Bipartisan Policy Center, Michael Farren, fellow at the Mercatus Center, host Jonathan Aberman, and me on our monthly broadcast on WFED/iTunes to discuss the strengths and weaknesses of capitalism.

Happy listening.

Richard Levick

Listen: The Strengths and Weaknesses of Capitalism

More Posts

Real People Histiry

The Real People of History

“Lather was thirty years old today.They took away all of his toys.His mother sent newspaper clippings to him,About his old friends who’d stopped being boys.”

Richard Levick on PRWeek

Richard Levick joins PRWeek for their weekly podcast to discuss the latest PR trends, recent crises and what it’s like working with foreign governments during

The Middle Road

“I was lyin’ with my mess-mates on the cold and rocky ground When across the lines of battle came a most peculiar sound Says I

A Gift for the New Year

Celebrate the new year by watching this TED talk on finding happiness through gratitude. Want to be Happy? Be Grateful The one thing all humans