A new era: Capitollism
India, April 5 -- Most of us grew up with a sort of fairytale about capitalism: study, work hard, and life will get so much better.
That story matters more than any textbook definitions. Capitalism does not need to appear equitable; it needs to feel open. People need to feel their future is not fixed.
For a long time, that belief held, in the US, in India, in places like China where the alternatives felt worse.
Millions with dreams of more moved from villages to cities. New jobs appeared. Families began to buy refrigerators, cars, vacations, educations abroad. Not everyone succeeded, but enough people did that the system felt like it was working.
Now imagine the same system, with one change.
You study. Get a job. Earn. But the things that u...
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