
How many times have I been at academic symposia, street demonstrations or in classrooms and been told that “capitalism is in crisis” or that “capitalism is the devil’s work” or “capitalism is incompatible with equality”? Obversely, there is often an extreme reaction against this attack on capitalism. Most of the discussions are in reality discussions of political economy and not lambasting the idea of capitalism. Also many of the current discussions in the 21st century about capitalism are discussions about supraterritorial corporations and/or banking.