American capitalism's shift toward apocalyptic thinking in business and markets
By
The Economist
Slow-proofed and worth the wait. Worth its weight in flour.
Summary
The article argues that American capitalism has taken on an apocalyptic, millenarian character, with business and markets increasingly driven by end-of-world thinking. It explores how this mindset permeates corporate strategy, investment decisions, and market behavior, suggesting a shift from traditional capitalist optimism toward a more fatalistic and crisis-oriented worldview.
Key quotes
· 3 pulledAmerican capitalism has taken an apocalyptic turn
Millenarian thinking permeates business and markets
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