Newsweek

Confessions of a Money Man

I AM A CAPITALIST BECAUSE I remember socialism.

I was converted to capitalism by a few years at the University of Chicago and a few decades working internationally and seeing socialism up close and personal. Until recently, I was confident that we need not worry about trying that experiment again because socialism had been tested and had failed. It looks like I was wrong. Socialism is on the rise. Don’t blame Bernie and

You’re reading a preview, subscribe to read more.

More from Newsweek

Newsweek8 min read
A Life of Crime: America’s Migrant-Smuggling Teens
AMERICAN TEENS ARE SMUGGLING MIGRANTS illegally into the United States at alarming rates. And law enforcement officials told Newsweek that money is the No. 1 reason that juveniles are entering into transnational crime. Human smuggling is defined by t
Newsweek14 min read
Trouble in Paradise
ON A CARIBBEAN ISLAND JUST 220 miles from the shore of the U.S. Virgin Islands, a black-clad Chinese security guard swept an arm at more than a thousand acres of woodland and a glittering, aqua-green marine reserve beyond. “It’s like a small country,
Newsweek1 min read
Protest Panic
Manon McCollum shares an emotional moment with his mother Kristin on May 1, explaining through the window of Fordham University’s Lincoln Center lobby that he may soon be arrested for his part in pro-Palestinian protests. Members of the group said th

Related