Capitalism seems invulnerable today not because anyone likes it, informed decent people do not, but because it is hard to imagine a realistic alternative. State socialism failed, and failed in a horrible way. Going back to the land is impossible for more than a relative few of us. Markets work better than explicit controls and markets seem inevitably to generate capitalism. We seem trapped.
But markets are not as predictable as economists claim and most economists confuse their theoretical categories with the real world of men and women. Consider the Mondragon cooperatives in the Basque country of northern Spain. In September, 2012, I had the opportunity to visit these cooperatives in September of 2012 as part of an annual study group organized by the Praxis Peace Institute. Given all that I had heard, I felt that while I could not easily afford to go financially, I could not afford not to go intellectually.
...-
Intriguing analysis. It seems to me you've put your finger on a weakness of corporate capitalism as practiced in the United States