There is a preview of a new book on Capitalism in the FT today.
I’ve always thought that capitalism is a useful way of keeping our more unsavoury characteristics distracted in a productive endeavour.
Unfortunately, when we don’t have the courage to appropriate limit the rewards of capitalism, those unsavoury characteristics are over-incentivised, the rich can become too idle and too powerful.
And the devil makes work…
The book is Capitalism: Money, Morals and Markets by John Plender.