Even before the covid-19 pandemic and the resulting collapse of much the world’s economy, a crisis in capitalism was plainly evident. Unfettered free markets had pushed inequality of income and wealth to extremely high levels in the United States. Slow productivity growth in many rich countries had stunted financial opportunities for a generation. Businesses, if no longer quite oblivious to global warming, seemed impotent to make changes that might slow it.
Read more on technologyreview.com.