America is something like history’s greatest experiment in capitalism. In a sense, we’re lucky to have it — it’s rare that a society devotes itself furiously, single-mindedly, one-dimensionally to an ideology, rejects the world, and pursues its own course. Here we have something truly rare and unique, which doesn’t happen often in social thinking: a perfect experiment to test the hypothesis — what would happen if a society only ever chose capitalism?
Waves of capital began to corrupt the political system. In other words, capital was beginning to corrode democracy. The idea of the neutral, benevolent capitalist, in other words, was beginning to be revealed as a myth.
Or, one I like better: what would happen if capitalism were given total freedom to be itself? If it could unfold according to its own logic, rules, choices, destiny — what would it naturally become? What is its nature? Now we can answer that very question, not with theory, but with reality.