A semantic confusion leads us to use the word market to describe both the process which puts food on our table and the activity of gambling in credit default swaps.
Perhaps the “something nicer” which should replace capitalism is a more nuanced – and more accurate – account of capitalism itself.
The sentences that surround those two are “Capitalism need not be about greed and gambling”.
A couple of book reviews are:
- Review of “Obliquity” by John Kay and “Drive” by Daniel Pink
- Review of “23 Things They Don’t Tell You About Capitalism” by Ha-Joon Chang