No. of Recommendations: 2
WSJ today launched a series on the history of American capitalism.
There were two features I liked:
- the quick read was a timeline 1776-present, with a series of highlighted years with paragraphs explaining the national economic effect of, say, Carnegie steel or a national currency, or reconstruction. It gets a little strident once it gets to around 2000 or so, but the first 80% was pretty good. Free link:
https://www.wsj.com/economy/american-economy-capit...- the second is by Roger Lowenstein, titled "How—and Why—U.S. Capitalism Is Unlike Any Other", and is largely redundant with the link above. It has some good lines, though, e.g. "
The social malleability of America unnerved the graying founders, who had envisioned a classical republic rather than a freewheeling bazaar. Endless waves of newcomers fostered chaos and checked the staying power of elites." However, my cold and I can't find the stupid bloody stupid link for this one...sorry. It's on today's page R3.
--sutton
grumpier than usual, on day 3 of a URI that should be better by now