Capitalism Is American as Jazz, but the System Is Completely out of Tune
Capitalism is no different than jazz in that it defines something fundamental about the American spirit. But in a nation of such wealth and resources, what explains the current level of income inequality? Actor and businessman Wendell Pierce says our economic system has lost its way, limiting the freedom and opportunity of many American citizens. But we needn't throw the baby out with the bathwater, he says. The genius of capitalism is that it creates abundance, which is meant to be distributed — that's what creates social and economic growth.