An Evolution, Not a Revolution (opens in new tab)

The International Economy just put out its latest issue, built around a single question — “Does American Capitalism Need to Be Reimagined?” They posed that question to seventeen economists, historians, and investors. This one was, of course, right up my alley: it’s the core thesis of Capital Evolution. My answer is that the status quo isn’t an option — but neither is a wholesale replacement. What we need is an evolution, not a revolution. The full piece is below; you can find the complete sym...