"Capitalism has been linked to climate change, racism and slavery, wealth inequality, and the decline of democracy. At the same time, capitalism may have been instrumental in lifting hundreds of millions of people out of poverty, facilitating vast technological innovations, and improving...

In the wake of an ongoing climate crisis, rising authoritarianism, and ongoing threats to civil society, many have asked whether capitalism may be to blame for some (or all) of these crises. A starting point for this discussion must be the definition of capitalism. The problem, as this chapter...