Re-reading Bloom’s book, we must acknowledge that there indeed existed a thorough and fierce analysis drawing attention to the decline of university life already decades ago. Unfortunately, this appeal was ignored.

Central planning is not viable because it can never collect enough information about the market to optimally coordinate economic interactions. It is also a path that may lead to a totalitarian state.

While some disappointment with capitalism—just like with any system—is completely understandable, the virtues of capitalism must be acknowledged.