The story thus far at The Permanent Problem: Capitalism in the 21st century has triumphed globally and there are no viable alternatives in sight, but…
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I’ve just completed a series of essays on the crisis of dynamism, concluding with a couple of posts on the outlook down the road. I’d now like to circle…
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The world of modern economic growth and rapid, continuous technological advance feels natural to us, as it’s the only world we’ve ever known. But of…
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I ended my last essay with a cliffhanger question: is capitalist dynamism doomed? To answer the question, I think we need to distinguish between…
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Thanks for reading The Permanent Problem! Subscribe for free to receive new posts and support my work. When I was a kid, fear of overpopulation was all…
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December 2022

I dodged it for 2 1/2 years, but last week covid finally caught up with me. It’s been a mild case all told, but I lost a week to feeling feverish…
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November 2022

The prime mover of technological and social progress — just as for biological evolution — is variation. Different cultures rubbing up against each…
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There’s something called wilderness therapy that offers a distinctive approach to helping troubled young people: make them live outside for a couple of…
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We are able to say that communist central planning failed because we can compare its results with those of capitalism. We can look at nighttime photos…
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With the benefit of hindsight, it’s now pretty clear that capitalism in the advanced economies hit some kind of inflection point in the early 1970s. The…
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It’s my contention that 21st century capitalism is undergoing a triple crisis — one of inclusion, one of dynamism, and one of politics. As to the first…
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October 2022

I’m going to digress from my ongoing survey of the roots of the 21st century crisis of capitalism to discuss a great new book with a similar theme …
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