The death of capitalism has been a common topic of conversation lately. Millennials seem resigned to it, the younger generations can’t wait for it. Bastions of global capitalism—alleged capitalism—such as the World Economic Forum in Davos are quite eagerly promoting the concept of post- capitalism, and Wall Street for whatever its reasons follows in lockstep. Whether it’s socialism, localism, techno-feudalism, red anarchism, or state capitalism, whatever is advanced as the replacement for capitalism includes a firm rejection of markets and their role in social organization. Across the political spectrum, the voices of the early twenty-first century are calling for humanity to take back the reins from markets. Are they right? Is it time to move on from capitalism?
Maybe there is a problem with capitalism.