Capitalism is the Exercise of the Power of Excess


This morning (June 20, 2016), my 12-year-old daughter asked me “what is Capitalism?”

Since the Cold War is over, this is actually a harder question to answer than one may think.

So if you, dear reader, do not mind, I shall use this space to educate her on a subject that is vague and abstract even for educated adults. Of course, all I can do is give one point of view, and I don’t doubt or deny that there are many others easily more illuminating for a pre-teen than my own.

Anyway, here goes… so listen up, Aoife (that’s her name).

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