Capitalism sucks, but did it have to?

by James Kaelan

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Tom Cruise as Joel Goodson in the 1983 capitalist adventure, Risky Business

When Donald Trump vows to “Make America Great Again,” or Elizabeth Warren pledges to “fix capitalism,” they’re harkening back to the Golden Age of American industry: the post-War period, where corporations like Standard Oil, Ford, and General Electric were major cords in the social safety net (if you were a white man, of course).

These companies not only paid salaries that made it possible for single-earner families to own a home, a car, and go on vacation in August and December; they guaranteed healthcare, pensions, and in many cases, community. …


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