How far has the capitalism-socialism debate shifted? Here is what a defender of capitalism is writing, in today's Financial Times: "although it is not ideal, we should not be too hasty about abandoning the capitalist model. It is less bad than any other system yet invented." How's that for a lukewarm defense of a system that has created immense prosperity, innovation, and freeedom? Can you imagine a money manager, such as the author of the FT piece, writing that in 2006 or 2007?
A Lukewarm Defense
https://www.futureofcapitalism.com/2009/07/a-lukewarm-defense
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