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5 new books (and one very old one) to read in order to understand capitalism

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My interest in capitalism began with an observation. I worked as an economics reporter for six years, from 2013 to 2019, for some of the biggest radio shows in the US. In that time, I never once used the word “capitalism” on air.

Then, in the summer of 2017, during a zeitgeisty taping of The Nod podcast, a panel discussion turned to the economic message embedded in Jay-Z’s new record, 4:44. Vinson Cunningham, a writer for the New Yorker, asserted that “capitalism is not the answer for Black people.”

It hit me: Economics reporters like myself weren’t talking about capitalism. Everyone else was. I reported this observation to skeptical econ-colleagues, who chalked it up to youthful nonsense — but I spent years thinking about what had happened and why.

Now, years later, some of those thoughts have crystallized in a new Today, Explained series, “Blame Capitalism.” In the four-part series, which is airing on Fridays in September, we talk to economists, thinkers, and regular Americans about what happened to change our attitudes about our economic system. Why did we lose faith? Can we get it back? And should we try?

The best way to understand capitalism is to live it. We have no choice. The second best way to understand it is to read about it. Below are five new-ish books, and one very old one, that I read while reporting the series.

You can listen to “Blame Capitalism” and Today, Explained on Apple Podcasts, Spotify, or wherever you get podcasts.

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https://cdn.vox-cdn.com/thumbor/M637yirNwMQ1IdssI2w8exEDky4=/0x0:6241x4253/920x613/filters:focal(1575x2487:2573x3485):format(webp)/cdn.vox-cdn.com/uploads/chorus_image/image/72650843/964533506.0.jpgA first edition of Scottish economist and philosopher Adam Smith’s book The Wealth Of Nations is displayed at the Dutch House of Representatives library in The Hague on May 31, 2018. Bart Maat/AFP via Getty Images

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Click the link below for the article:

https://www.vox.com/2023/9/15/23873898/today-explained-capitalism-economics-books-to-read?utm_source=pocket_discover_science

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