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" ... Capitalism has been blamed for the Great Recession of 2007-2009 and for the financial crisis and bailouts of 2008, but it’s not “capitalism” but the mixed economy and corporatism-cronyism that did it. We’ve had corporatism in the U.S. for roughly the past century, and it’s getting worse over time; it’s also the system we’ve seen in Europe since at least the time of Germany’s Otto von Bismarck, who launched the womb-to-tomb welfare state in the 1870s. In the interim, of course, Europe also imposed communism, socialism and fascism. The result, we know, was mass murder, world war, and the continent-wide destruction of wealth. ... "
" ... I'm no fan of corporatism myself, obviously, but I don't see the problems undergirding corporatism quite the same as many of my progressive friends. And I think it would be interesting to deal with the question not simply in a negative light. Give me complexity in the political and economic systems present in my science fiction, not just in the technology. ... "
" ... My read of the debate is that we have decided to adopt the European model of capitalism without looking carefully at the data underlying that premise. With the data available, I am in the middle of an in-depth analysis on this problem. The more I look, the more I am convinced that European corporatism, the idea that all stakeholders are equal, has certainly not delivered shareholder or stakeholder value. I focus on the top 50 most valuable public firms in four countries: Germany, France, the Netherlands and the U.K. I benchmark each of these companies to U.S. firms of a similar size and industry for comparison. ... "