I think mine is a better title for yesterday’s Boston Globe article, “ Why Capitalism Fails .” Of course I had to read it so I, too, could understand what exactly the author meant, not only by capitalism, but also by its failure. Although it was a five page article (as the web crow flies), I didn’t have to look too far to find the second answer. The author reveals that capitalism’s failure is in its inherent instability. While the article carried an awfully big stick with its title, it did not explain what capitalism is. Perhaps this is because it is a seemingly self-evident, oft- spoken term. But it is clear throughout the article that the author uses “capitalism” as a synonym for our “mixed economy”. It is not. With its Potemkin village of a title, the article is not about the failure of capitalism, but about the recently rediscovered brilliance of the late economist Hyman Minsky by some currently popular economists. Minsky, a lesser-known economist who shared educational experience...