the system under which firms like Boeing were built is very different from the system under which firms like Boeing have been dismantled, even though both systems get called “capitalism”.

i don’t agree with this piece’s predictions and prescriptions, but its account of the profound change in systems under notional capitalism is excellent. https://americanaffairsjournal.org/2024/11/america-china-and-the-death-of-the-international-monetary-non-system/ ht #TimSahay