We flatter ourselves into thinking that we live in a time of exceptional economic upheaval. The truth is that the present resembles the past. What we learned — and forget — is that a dynamic economy is inherently destructive. But the periodic convulsions often create long-term benefits. That has been true for most of our history.
"The Old Capitalism Returns" is from the May 20, 2018 Opinion section of The Washington Post. It was written by Robert J. Samuelson and narrated by Sam Scholl.