Capitalism — How Much Is Enough?
I am not an economist. I have trouble balancing my own checkbook — to the point that I haven’t written a check in years. I live by the debit card and rely on the bank to keep score. They make fewer mistakes than I do.
We once built enterprises that built a nation. Railroads. Steel. Highways. Infrastructure that everyone eventually lived inside regardless of whether they owned a share of it. The Carnegies and Vanderbilts exploited labor — that’s documented and true — but the byproduct was a physical country that generations inherited.
What does the new generation of concentrated wealth build?
Delivery systems. Platforms. Apps that monetize your attention and sell it back to you as connection. The byproduct this time isn’t a nation. It’s a customer base and a stock price.