Is Capitalism collapsing under its own weight? German thinker Wolfgang Streeck believes it is. He has written a book about it: How Will Capitalism End? I don’t think I’ll read that book because the only review I read says that “it makes for tough reading.” Though I don’t really mind tough books, economics is not my cup of tea. Capitalism has weakened many systems that people would like to have. By nurturing individualism, it has weakened society. Its cutthroat competition has weakened human cooperation. By subjugating everything to money and trade, it has weakened human values as well as political systems. Yes, the trader is more powerful today than the politician, thanks to capitalism. That’s a situation which the shrewd politician won’t like at least though right now we have the politician and the trader colluding with each other. Streeck argues that the weakening of social and political systems has generated five systemic disorders: “stagnation, oligarchic redi
Cerebrate and Celebrate