Misnomer

Slate has posted a great article exploring just how, exactly, we should categorize the US economy in light of recent events.

Name that economy

"Or perhaps we should say that we've entered the Marxist stage of Rube Goldberg capitalism. Bill Gates coined the term creative capitalism earlier this year to describe a market approach to alleviating poverty. In a broader context, his phrase gets at the reality that private enterprise on its own won't address global ills such as climate change, economic inequality, or systemic financial risk. Put a different way, when capitalism stops working, it's time to start looking for a good adjective."