We Are Now Transitioning to Capitalism 4.0. This Is What It Means

In these years we are nearing the fourth phase of capitalism. The following walk-through is a simplified and abbreviated version of our economic phases.

First phase (lassiez-fair capitalism): From the 19th century up to the beginning of the Depression in early 1930s. Adam Smith, free market economy, clashes with feudal society, highly regulated market…