Enterprising Investor
Practical analysis for investment professionals

Modern Variants of Capitalism


State Capitalism in Private Markets: Mission Creep

Governments relish mingling in markets. Yet, if past policies are any guide, taxpayers are being shortchanged.

Modern Variants of Capitalism, Part 3: Digital Capitalism

Digital capitalism has transformed our lives into a new commodity: personal data.

Modern Variants of Capitalism, Part 2: Financial Capitalism

In financial capitalism, wealth is transaction-based rather than operational.

Modern Variants of Capitalism, Part 1: Classical Capitalism and Shareholder Capitalism

Today, capitalism knows four configurations, Sebastien Canderle writes. The two examined here are inherited and adapted from previous eras.