Capitalism Is Not Our Only Choice

We have opportunities every day to build economies that lift each other up and spread joy. Since the breakup of the Soviet bloc and China’s turn toward free markets, many economists have pronounced an “end of history,” where capitalism reigns supreme as the ultimate form of economy. Perhaps “there is no alternative” to a globalized neoliberal economy, as former British Prime Minister Margaret Thatcher often said. Indeed, free markets in which individuals compete to get what they can while they can are glorified in popular culture through reality shows such as Shark Tank.