Category Capitalism

The utopian promise of video games

On one account, what has gone wrong in the past 80 years is a story of materialistic greed. Back in 1930, John Maynard Keynes sketched out a utopian vision of the 21st century economy. He predicted that economic growth would be sufficient to satisfy all our wants, so that people would only need to work […]

Can neoliberalism make us embrace risk?

One of the most powerful observations of Esther Duflo and Abhijit Banerjee’s Poor Economics is that most people in the developing world don’t want to be entrepreneurs, even many of those who are self-employed. Instead, most people, if they can find it, want the security and stability of a well-paid salaried job, ideally working for […]