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Diminishing Returns

A liberal economist tries to reckon with the state of capitalism today

Τhe 2008 financial crisis is widely credited with reviving the American left, from the tent cities of Occupy Wall Street to the proliferating chapters of the Democratic Socialists of America.

  • Alyssa Battistoni
  • The Nation

Yet it is not just street protesters and millennial Marxists who have put capitalism under scrutiny:

Liberal pundits and policy-makers have also become analysts of capitalism’s ailments.

Since Thomas Piketty’s 2013 breakout hit, Capital in the Twenty-First Century, the publishing industry has churned out new books on…

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