Capitalism is the Exercise of the Power of Excess

By Dato' Dr. Ooi Kee Beng

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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...

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Dato' Dr. Ooi Kee Beng

is the Executive Director of Penang Institute. His latest book is Signals in the Noise: Notes on Penang, Malaysia and the World (Singapore: Faction Press) Homepage: