What Arundhati Roy Gets Wrong About Capitalism

Despite its many flaws—which became most apparent following the sub-prime crisis of 2008—capitalism remains virtually intact. Cries of anguish and disdain on the streets by a growing number of young people, especially, for its failures remain that—cries on the streets. A veil seems to have shielded the senses of mainstream academic economists who, for as long as Paul Samuelson’s textbook Economics has been in print, have shown little to no proclivity for socialism or, for that matter, any other form …

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