The only thing capitalism cannot survive is stability. Stability-true stability-is an absence of progress, and a dearth of new wealth.
In his book "Next: The Future Just Happened," Michael Lewis explores the idea that capitalism thrives on change and unpredictability. He argues that true stability, characterized by a lack of progress and stagnation in wealth creation, poses a significant threat to the capitalist system. Without new innovations or developments, the economic engine that capitalism represents would falter, as it relies on constant growth and adaptation to survive.
This perspective highlights the inherent dynamism of capitalist economies, where continual evolution and the emergence of new opportunities are essential. In essence, stability can lead to complacency, undermining the very mechanisms that drive economic prosperity and advancement. By emphasizing the need for disruption and new ideas, Lewis signals that a vibrant economy must embrace change rather than seek to maintain equilibrium.
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