"The End of Capitalism"

I always enjoyed reading Lewis Lapham's articles when he was editor of Harper's.  Here are excerpts from an interview conducted for Salon:

"...capitalism is an historical phenomenon. It’s not a given. It’s not human nature. It arises at the end of the 16th century in Holland, but then is developed over the next four centuries for the most part in England and America. It’s had a life span of four centuries...

Competition is the spirit elixir of capitalism. This is not true in the more traditional society where the emphasis is on community, hierarchy, order, where people are terrified of starvation...

People are always terrified of change. The idea was to try to keep everything just the way it was … not to let the strings become untuned. Capitalism untunes all the strings. Capitalism is, as Appleby says, a relentless revolution. Joseph Schumpeter, the columnist, in 1942 defined capitalism as creative annihilation — it wipes out entire industries. There’s always a momentum for something new...

It is a voracious, devouring appetite for more. And if we’re not careful, unless we get control of it, it will devour the earth. Capitalism had a particularly fertile soil in America because there was so much land available. People could just go west. Take land from the Indians by force. The same thing in Mexico. Call it Manifest Destiny, but it essentially was the seizure of property. There was an abundance of resources...

More at the link.