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Identity crisis for American capitalism

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Beneath all the folderol about job creation and destruction at Bain Capital or President Obama’s alleged war against success and free enterprise, there’s actually a legitimate debate to be had about what kind of capitalism we want in the United States.

It turns out that capitalism, like ice cream, comes in many flavors. These different capitalisms can be combined, in the same way chocolate and coffee produce mocha. There are also all sorts of mix-ins and swirls that add to the variety. And while there is a natural instinct to arrange these different forms of capitalism along a left-right axis, that is hardly the most interesting way to think about them.

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interesting. I suspect we'll continue to have all of these types of capitalism running through America for a long time. It would be interesting if the author had somehow tried to quanitfy this.

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