You can't swing a dead grumpy cat these days without hitting headlines declaring the imminent death of capitalism, the failure of capitalism, and the rebirth of socialism.
Source: Brookings Institution, Projections by World Data Lab
But before we bury capitalism, it's worth pointing out that rumors of its demise are greatly exaggerated. For instance, it was only last fall that a "global tipping point" was reached, meaning that "half the world is now middle class or wealthier," according to...
Read this story at Reason.com