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Good essay Philip. But actually we have escaped capitalism, we are well on way to full frontal feudalism. Most of the ladders have been taken away, leaving only the debt chutes. But it is not so much big business as it is big banks. It is all wank, all the time now, and everyone has been rubbed raw, except for the wankers themselves .

SERFS UP! Note: https://medium.com/@daneke/when-the-wank-became-swank-money-banking-and-the-evolution-of-the-all-debt-economy-22e334f8ee3e HAPPY LABOR DAY!

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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