The Evolution Of Different Forms Of Capitalism In America

Capitalism takes on different forms in different countries.  It also evolves within countries.  This article describes the evolution of capitalism in the US.  The most recent shift in capitalism is from managerial capitalism to shareholder capitalism mixed with financial capitalism.  Mitt Romney supports a blend of shareholder capitalism and financial capitalism. The buying and selling businesses replaces the production and sale of goods and services.  Increasing the return on investor capital is the single mission in this model. It is far different from the managerial capitalism that his father represented as the CEO of an automobile firm.  That model assumed a multiplicity of stakeholders, as opposed to a singular focus on the return on capital.  President Obama seems to prefer a mix of managerial capitalism, and entrepreneurial capitalism.  The economic debate in the US is not between capitalism and some form of socialism.  It is really about what flavor of capitalism is best for the country. We have seen what happens with Mitt Romney's flavor of capitalism.  I am ready for a new flavor myself.