INTRODUCTIONMichael KinsleyThis is a book about the possibility of expanding capitalism into new areas and using it to solve problems that previously were assigned to charity or to government. The timing is not great. As I write at the end of September 2008, we are in a financial crisis, the dimensions of which are still uncertain. It's safe to say that if capitalism were a stock and reputation were a currency, the stock has plummeted in the past couple of weeks. As recently as Labor Day, that stock was still soaring, and people were talking...
INTRODUCTIONMichael KinsleyThis is a book about the possibility of expanding capitalism into new areas and using it to solve problems that previously were assigned to charity or to government. The timing is not great. As I write at the end of September 2008, we are in a financial crisis, the dimensions of which are still uncertain. It's safe to say that if capitalism were a stock and reputation were a currency, the stock has plummeted in the past couple of weeks. As recently as Labor Day, that stock was still soaring, and people were talking about capitalisms unfulfilled potential and were full of ideas (some of them discussed in this book) for using markets in creative new ways. Now the notion of letting capitalism loose seems as appealing as letting loose a pack of rabid dogs. Maybe by the time you read this, it will all be over or turn out to have been media-induced panic.Or maybe not. If economic catastrophe lies ahead, some of the contributors to this book will undoubtedly be saying that we should be much better off if only corporate America had stuck to its knitting. But whatever develops, nothing is likely to undermine the general worldwide consensus that free-market capital-
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