The Golden Age of Capitalism

There's a kind of American exceptionalism in thinking that there has to be growth all the time, says Dan O'Brien. Latin America and you know they've had lost decade after lost decade but elites somehow find a way to hold on he adds. How does the shift of investment from manufacturing to say financial speculation fit into the long-downturn narrative? He thinks it could survive for a lot longer than most of us would like to imagine.