Four years ago I wrote an opinion piece arguing capitalism had the capacity and time to civilize itself. It survived the Great Depression because it has the inherent ability to reform itself — in its own self-interest.

Now, I’m not so sure.

I thought the captains of capital had a vested interest in ensuring the workforce had the means to buy their products and services. As Henry Ford famously said, “The owners, the employees and the buying public are all one in the same.”