Capitalism isn't an ideology -- it's an operating system | Bhu Srinivasan
Bhu Srinivasan researches the intersection of capitalism and technological progress. Instead of thinking about capitalism as a firm, unchanging ideology, he suggests that we should think of...
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So, what is capitalism? Capitalism, fundamentally, is a series of marketplaces. You can have a marketplace for lemonade, a marketplace for lemons, a marketplace for trucks that transport lemons, a marketplace that fuels those trucks, marketplaces that sell wood to build lemonade stands. However, capitalism of course, as we know, is this either celebrated term or condemned term. It's either revered or it's reviled. And I'm here to argue that this is because capitalism, in the modern iteration, is largely misunderstood. In my view, capitalism should not be thought of as an ideology, but instead should be thought of as an operating system. Think of your iPhone. Your iPhone merges hardware with software. Apps and hardware. Now think about a...
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So, what is capitalism? Capitalism, fundamentally, is a series of marketplaces. You can have a marketplace for lemonade, a marketplace for lemons, a marketplace for trucks that transport lemons, a marketplace that fuels those trucks, marketplaces that sell wood to build lemonade stands. However, capitalism of course, as we know, is this either celebrated term or condemned term. It's either revered or it's reviled. And I'm here to argue that this is because capitalism, in the modern iteration, is largely misunderstood. In my view, capitalism should not be thought of as an ideology, but instead should be thought of as an operating system. Think of your iPhone. Your iPhone merges hardware with software. Apps and hardware. Now think about a...
