The Crisis of Extreme Capitalism

Our current incarnation of capitalism — variously referred to as savage capitalism, extreme capitalism or euphemistically as the “free market” (free of any constraints) — is in one of its periodic crises. For years many assumed that the smart people who ran the system and benefitted from it would find a practical way to fix it. The problem is that the solutions are all framed within an ideology that makes that extremely unlikely. That ideology, neo-liberalism, is like a religion. Once you are a true believer you see other solutions as heresy.