capitalism

For many innovators, entrepreneurs, investors, and corporations, American capitalism has been a boon. But there is another side to the story. A recent report published by McKinsey & Company questions whether the American model of capitalism is on the brink of change. The report details the unequal and disparate economic outcomes of the current model of capitalism in the U.S., which has been compounded by the effects of the COVID-19 pandemic. Current challenges to capitalism include the potential for market disruption triggered by climate change and the rise of countries with other economic systems like China.

Scarcity and systems issues on a biosphere level (ocean warming, acidification, deforestation, CO2 levels, etc.) aren’t the only reasons some people are beginning to have their doubts on whether capitalism is up to the challenges the world is facing. Some are wondering if the very success of our dominant economic model isn’t reaching limits of propriety of its own making.  A growing number of this community, including some among the well-to-do, are beginning to wonder aloud what’s next? What comes after capitalism?