Creative Capitalism: A Starting Critique
by Michael Kinsley
When I asked Greg Mankiw, former chief economic adviser to our current president (now safely back at Harvard) to join this discussion of “creative capitalism,” he said, “I thought capitalism WAS creative.” So problem number-one may be linguistic. The term “creative capitalism” was coined, or at least popularized, by the most successful capitalist in the history of the world. But in a way it’s an insult to capitalism just as George W. Bush’s legendary “compassionate conservatism” is an insult to other conservatives. If George Bush is a “compassionate” conservative, what are all the other conservatives? If there is something called “creative” capitalism, does that mean that ordinary capitalism isn’t creative?
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