Capitalism: What Is It?

In 1871, Ku Klux Klan violence in South Carolina got so bad that the governor sent a telegram to President Ulysses S. Grant warning that he was facing a state of war. Grant sent him Amos Akerman: a former Confederate soldier and slaveholder who became the U.S. government’s most z ...  Show more

Political rebellions, family feuds, and power grabs – the founding of the Supreme Court has about as much drama as a Hollywood movie. In this week’s episode, the story of how the Supreme Court went from the weakest branch in the government to the powerful arbiter it is today. To ...  Show more

Capitalism is the system that has helped the world become infinitely more wealthy than it has ever been in human history, but there are problems. A disregard for the drawbacks of production like waste, pollution and inequality are often cited by people who want capitalism to be r ...  Show more

Is capitalism a good thing? Journalist Katherine Mangu-Ward makes the case that “weirdos” left alone to innovate and explore far-out ideas in a free market system are our best hope for the future. She asks us to reconsider our qualms about capitalism, failure and corporate death, ...  Show more

Histories are often relegated to the sidelines of economic study. But what do we lose in our theories when we only focus on the math and models? In his new book, “Ages of American Capitalism”, University of Chicago historian Jonathan Levy looks at the turning points in the histor ...  Show more

Elements of capitalism have existed throughout history — in institutions like markets, class relations, ownership laws, credit systems, etc. But they were never dominant until they came together, escaping the isolated, laboratory conditions in which they once ...