What is the elephant in all our rooms? It is the global triumph of capitalism. Democracy is fiercely disputed. Freedom is under threat even in old-established democracies such as Britain. Western supremacy is on the skids. But everyone does capitalism. Americans and Europeans do it. Indians do it. Russian oligarchs and Saudi princes do it. Even Chinese communists do it…. Karl Marx would be turning in his grave. Or perhaps not, since some of his writings eerily foreshadowed our era of globalized capitalism. His prescription failed but his description was prescient.
