In early December, I posted on Tony Judt's stinging essay on the future of capitalism in the New York Review of Books, which used Robert Reich's Supercapitalism as a jumping-off point (see Tony Judt: Innovation Ain't Always Progress). Reich has responded in the latest issue of NYRB. He calls for...
As a society, we praise innovation, so a review entitled "The Wrecking Ball of Innovation" raised an eyebrow. I thought immediately about Schumpeter's famous reference to creative destruction, since wrecking balls can lead to new structures. But I didn't think it would praise wrecking balls, and I was right....
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