John Hancock

Toward the end of the Second World War, at a conference in Bretton Woods, New Hampshire, the United States put forward a radical—some said utopian—plan for world peace. Having watched the worst war in history follow on the heels of the worst economic crisis in history, American policy makers were convinced that the answer to global peace lay in spreading global…

Capitalism, not communism, has delivered Karl Marx’s predicted world revolution. No other system generates such enormous material progress through such enormous upheaval. The same forces that produce ever-increasing productivity and wealth—innovation, competition, the destruction of the old to make way for the new—necessarily also produce incessant change, perpetual turmoil, the permanent disruption of economic and social…