Author: arawak

Understanding American Capitalism (Revised)

PATRICE GREANVILLE—As previously said, measuring all economic and societal “success” by a corporate yardstick of constant growth, capitalism suffers from a compulsion to expand infinitely in what is clearly a very finite and ailing world, thereby betraying in its dynamic something akin to systemic madness. Expansion at all costs is fueled by a well-developed culture of ‘short-termers”—the notion of a true capitalist statesman is an oxymoron—and a self-perpetuating, self-selecting, macho executive sociology according to which career advancement is only possible on the basis of–again–constant growth, plus aggressive competition in the boardroom jungle.