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How 'financialization' killed capitalism

How 'financialization' killed capitalism

My friend Evelyn is always gleeful when she catches me saying something pompous or dumb. As soon as I arrived for a visit in San Francisco last Saturday, she began giving me grief about something I wrote in a column last week. Getting a ride from Uber, I had declared, "would make me feel morally compromised."

Well, OK, I admit the phrase was overly dramatic (not to mention that I easily allowed myself to be "compromised" when Evelyn's husband called up Uber and we all jumped into the hired car for a ride across town). My point was not that Uber is more exploitative than many other sectors of our economy, but that Uber is symbolic of how American capitalism has...